11.09.2020

TP ICAP Launches MATCHBOOK ReBalance

11.09.2020
Buy Side Integrates Risk Management

TP ICAP, a leading provider of market infrastructure, has launched MATCHBOOK ReBalance, a new electronic trading solution that reduces residual risks in fixed income portfolios.

MATCHBOOK ReBalance is a pure-electronic solution used across Emerging Market, Investment Grade, High Yield, Financial and Sterling Corporate Bonds. The platform runs matching sessions allowing traders to clear up unwanted positions and mitigate secondary risks in their portfolios.

It forms part of TP ICAP’s growing portfolio of post-trade risk management and optimisation tools, including MATCHBOOK Rates, which enables traders to minimise fixing risks in Forward Rate Agreements (FRAs), and MATCHBOOK NDF, which reduces date mismatch risks in Asian and LatAm NDF markets. TP ICAPs bilateral compression service, ClearCompress, is also part of this valuable suite of solutions.

MATCHBOOK ReBalance uses TP ICAP’s proprietary “dark pool” technology ensuring the details of orders and trades are closed and therefore no information is leaked into the market. Clients can upload their entire portfolio onto the platform and then choose what they want to trade, with price parameters, rather than search through hundreds of line items.

Mark Russell, Chief Commercial Officer, TP ICAP Credit, said: “MATCHBOOK ReBalance gives our clients a simple, easy to use system that will allow them to reduce residual risk. This platform helps eliminate the time consuming task of trading residual risk, providing our clients with a fresh turnover and a cleaner balance sheet; allowing them to spend more time focusing on client flow and less time on admin-heavy stale positions.”

It is separate from the broking side of TP ICAP and operates as a purely electronic and regulated venue.

Source: TP ICAP

Related articles

  1. Direct, continuous pricing streams now play a role in most types of Treasury trades.

  2. They will be the first contracts to help manage risk via an intercommodity spread with Treasury futures.

  3. The tokenized fund launched by BlackRock has helped boost the total.

  4. FINRA has begun disseminating individual transactions in active U.S. Treasuries at the end of the day.

  5. Tokenization of real world assets is estimated to reach $20 trillion by 2030.