back Back

KeyBanc Capital Markets adopts Bloomberg B-PIPE to power fixed income electronic trading

By Joy Dumasia

April 04, 2022

  • Bloomberg
  • FinTech
  • Fixed Income
Share

Bloomberg announced that KeyBanc Capital Markets (KBCM), Cleveland-based KeyCorp’s corporate and investment banking arm, has adopted Bloomberg’s flagship real-time market data feed, B-PIPE, for its Investment Grade (IG) Credit Algorithm. This adoption will provide KBCM with the proper tools and infrastructure to access high-quality, consistent data, enabling greater automation and accuracy in bond pricing. 

Keith Bunnell, Global Head of Data Distribution and Management at Bloomberg LP, said: “In today’s ever-evolving environment, it is becoming a business imperative that financial institutions automate their workflows and take advantage of modern technology in order to increase scalability and operational efficiency. Our high-performance B-PIPE solution enables KBCM to streamline operations and make nimble pricing decisions quicker, ensuring improved client engagement and accelerated time to value.” 

B-PIPE will deliver access to comprehensive and consolidated market data content, enabling KBCM to execute real-time analytics and responses within its Investment Grade Credit Algorithm. KBCM also benefits from B-PIPE’s zero-footprint delivery option, eliminating the need to host or manage software. 

Brian Brennan, Head of Fixed Income at KeyBanc Capital Markets, said: “We’re proud of the investments in our people and systems to expand platform, including our capabilities in IG Credit Trading. This includes the recent adoption of Bloomberg B-PIPE’s high-quality data for the Algorithm.” 

B-PIPE is available on-premise or via various public cloud environments and is part of Bloomberg’s Enterprise Data business, which produces comprehensive pricing, reference and regulatory data sets, real-time market, event and news data, liquidity analytics, and data management and distribution technologies. 

Recently, IBS Intelligence reported that Bloomberg announced the launch of Bloomberg Bridge, a new global all-to-all service that supports intermediated trading for corporate and emerging market bonds. Bloomberg Bridge will expand on the intermediation services currently supported by Bloomberg in the United States. 

Previous Article

April 04, 2022

Vemanti Group announces investment from Alpha Sigma Capital

Read More
Next Article

April 04, 2022

Qolo partners with MX to help FinTechs and Neobanks scale faster

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

October 03, 2024

3 FinTechs offering debt-free Save now, Buy later options in MENA

Read More

October 01, 2024

PhonePe joins Jar to offer daily savings on Digital Gold

Read More

September 27, 2024

KOIOS, an Israeli financial intelligence firm, raises $5m funding

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q3 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More