Algomi’s Honeycomb Network Awarded “Best New Product” by Markets Media




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New  York, 25 February 2016 – Algomi, the network company providing information-matching solutions for the optimization of fixed income liquidity, today announced the company’s Honeycomb Network was named “Best New Product” at the Markets Media 2016 Markets Choice Awards.

Markets Media gave out more than 25 awards last night to leaders at exchanges, sell-side desks, institutional buy-side investors, hedge funds, and technology providers. Honeycomb beat five nominees to win Best New Product.

Honeycomb helps banks create a virtual balance sheet based on actual bond data – including trade information, enquiries, and holdings – and lets buyside firms see this validated virtual balance sheet at the banks. This information and distribution insight is not available anywhere else.

Markets Media conducted several dozen interviews with senior market participants across the buy side and sell side, focusing on the areas of their expertise.  Then, an initial nominee-generating process was open to readers and social media followers. The publication selected winners in consultation with the Markets Media Advisory Board.

“Algomi transformed this year from a start-up to a mature company, running a network that is at the heart of the bond market,” said Algomi CEO Stu Taylor. “The information and distribution insights Honeycomb provides aren’t available anywhere else, which is why Algomi continues to recognized by leading publications and organizations in our industry.”

There are now more than 160 buyside firms and 15 banks on the Honeycomb Network. Every month bonds worth more than $50 billion appear on the network, leading to voice inquiries that average more than $8 million. Algomi services its growing client base from offices in London, New York and Hong Kong.


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Notes to Editors




Algomi connects fixed income professionals, empowering them to make better trading relationships, in the ever-changing landscape of capital, leverage and liquidity requirements. By harnessing the relationships between Fixed Income salespeople, traders and their clients, the Algomi Honeycomb suite of scalable software greatly increases the opportunities and velocity in large and illiquid voice trades between banks and buy side investors.


For banks, Algomi creates a real time internal sales and trading bond information network using their own data to identify the best trade opportunities and enables real-time collaborations between sales, traders and investors. This delivers more effective execution of less liquid bonds and integrates with Algomi Honeycomb. For investor firms, Algomi Honeycomb becomes their eyes and ears on the world’s trading floors. Providing the data and market insight vital to select the right dealers and the right timing of the trade to ensure maximum likelihood of execution. The investor is able to deal in size, achieve Best Execution, and remain discrete in the market while banks get to use their large distribution network. Execution is voice based between investor and bank, as is appropriate for large sensitive trades.


Algomi was founded in 2012 by Stu Taylor (Former Global Head of Matched Principal Trading and creator of PIN-FI at UBS), Usman Khan and Robert Howes (Founders of CAPXD), and Michael Schmidt (Former Head of European Credit Trading and IB Board Member at UBS). Algomi is backed by investment from Lakestar, and an exceptional panel of Strategic Advisors. Algomi has 140 employees with offices in New York, London and Hong Kong. sales@algomi.com






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