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

By Joy Dumasia

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.