Working on an innovative, fixed income data aggregation and market surveillance tool.
Founded in 2012, Algomi is an award-winning software company that provides technology to bond market participants to improve their workflow and liquidity by data aggregation, pre-trade information analysis, and execution facilitation. They are a market neutral system provider, using expertise in technological facilitation to improve liquidity and efficiency in the market.
Algomi ALFA is a fixed income data aggregation and market surveillance tool that brings together liquidity data from all major electronic venues, messaging platforms and dealer inventory feeds and combines them into a single consolidated landscape. Solving problems in today’s fragmented fixed income markets, Algomi ALFA is an innovative solution, a ‘game changer’ for price discovery in bond markets.
The product gives the possibility of a real-time view of the entire bond market, including government bonds, investment grade, high yield, emerging market, municipal debt and structured credit, allowing data visualisation and analysis to organise information into actionable insights and make better decisions, simultaneously increasing the likelihood of a successful trade.
Future Processing’s role
Our cooperation started in October 2018, when Algomi was looking for a business partner with strong competencies in the field of Big Data and Java. They needed someone who will understand their very specific domain to conduct the Proof of Concept of the new service and, after successful early implementation, to support Algomi’s IT and business team.
Our partnership and flexibility regarding the choice of technology, allowed Algomi to offer new functionalities to their clients, such as real-time market data API access and the ability to replay missed data feeds by access to real-time data buffer.
Working together let us achieve additional benefits of the solution, such as greater efficiency and scale, and pattern recognition, to facilitate improved decision making, the possibility to make more informed investment decisions, flexibility thanks to API access to a real-time market data stream, increased liquidity.
Algomi ALFA’s real-time API is a high performance, secure solution for data processing, which is extremally important in the industry our client operates.
Implementation of Algomi ALFA
In May 2019 it was announced that PIMCO, one of the world’s premier fixed income investment managers, is using Algomi ALFA inside the firms trading and data infrastructure, integrating the tool into its 100 strong bond trading desk-based in California along with its domestic and international offices.
Plans for the future
Once first milestones were achieved, Algomi plans to continue the cooperation on new features, which is the best way to express trust in our competencies and work ethic. We are proud to be Algomi’s technological partner, helping them further increase competitive advantage.
Main benefits of our partnership:
- cooperating with a team of technical experts with domain knowledge, able to translate technical requirements into business ones,
- predictable, high-quality delivery, allowing Algomi to make commitments to their end clients,
- minimising business risk thanks to quick verification of a concept of a new service,
- increasing competitive advantage thanks to enriching the solution with new functionalities,
- accessing competencies going beyond software development, such as business analysts, technical consultants, solution architects, quality assurance and IT security engineers,
- gaining a trustworthy software development partner.