Outsourced Trading
A specialised, systematic fixed income execution solution.
A seamless extension of your execution desk. Ediphy connects asset managers, wealth managers, insurers, and hedge funds to every major liquidity provider and platform through a single, data-driven framework, securing optimal fills and structurally lowering execution costs.
Overview
A seamless extension of the execution desk.
In an environment marked by persistent buy-side pressure to enhance fixed income liquidity access and optimise complex trading operations, Ediphy provides a specialised, systematic outsourced trading solution.
Designed for asset managers, wealth managers, insurance companies, and hedge funds facing constraints in internal capacity or specialised fixed income expertise, Ediphy acts as a seamless extension of the execution desk. By connecting clients to all major liquidity providers and platforms through a data-driven framework, the platform secures optimal fills and structurally lowers overall execution costs.
IN THEIR WORDS
Ediphy enabled us to streamline our liquidity access and bond execution into a single intuitive platform, saving us operational overhead and getting better yields for our investment portfolio.
– Head of Investments · $700m insurance portfolio
Four pillars of outsourced execution.
Everything required to run fixed income execution as a single, accountable service, connectivity, cost, evidence, and coverage.
Single onboarding, global connectivity
Access an extensive network of liquidity providers and execution venues through a single onboarding process, eliminating the operational complexity and overhead of managing fragmented counterparty relationships.
ONE ONBOARDING · GLOBAL VENUES
Predictable fixed trading fee
A transparent, fixed-fee structure that aligns incentives and eliminates the conflicts often associated with traditional variable, volume-based commissions.
FIXED FEE · ALIGNED INCENTIVES
Systematic best execution
A rule-based routing architecture continuously evaluates the market for optimal fills with built-in price protection, automatically delivering comprehensive best-execution evidence for every transaction.
RULE-BASED · PRICE PROTECTION
Broad asset class coverage
Comprehensive execution capabilities across global credit, government bonds, SSA securities, and cleared interest rate swaps (IRS).
CREDIT · GOVIES · SSA · IRS
Deployment model
Outsourced or co-sourced.
Ediphy's deployment model is deliberately non-binary; adopting outsourced trading does not require an all-or-nothing commitment. Through our co-sourced execution framework, the platform operates flexibly alongside an established internal desk.
For buy-side firms with limited coverage or infrequent trading activity in specific niche markets, Ediphy's comparative advantage becomes a highly strategic asset. Desks can dynamically allocate specific order flows to Ediphy, leveraging deep liquidity access and specialised expertise exactly where internal resources are less optimal, rather than maintaining costly, underutilised internal capabilities.
Ways to deploy
- 01 Fully outsourcedEdiphy operates as your fixed income execution desk end to end.
- 02 Co-sourced alongside your deskThe platform runs flexibly next to an established internal team.
- 03 Niche-market allocationRoute specific order flow where internal coverage is thin or trading is infrequent.
- 04 Dynamic flow allocationDirect order flow to Ediphy exactly where its comparative advantage is greatest.
Three ways in.
Engineered to integrate seamlessly into existing institutional workflows without disrupting established front-office architectures.
Ediphy web GUI
An intuitive, streamlined click-and-trade interface for global fixed income instruments. While the front-end is straightforward, clients trade with the confidence that Ediphy's specialist quant trading desk is actively managing the order lifecycle, routing to the optimal market participants for the best possible fill.
CLICK & TRADE · MANAGED LIFECYCLE
Bloomberg TSOX integration
Full Bloomberg TSOX integration lets traders stage, manage, and route orders directly from their familiar Bloomberg terminal screens, for multi-channel flexibility with no change to existing habits.
TSOX · TERMINAL-NATIVE
API connectivity
For firms requiring programmatic automation or direct integration into proprietary systems, Ediphy offers robust, secure API connectivity.
PROGRAMMATIC · SECURE
Pre-trade intelligence
Capitalise on fleeting liquidity windows.
To navigate the structural challenges of fragmented fixed income markets, Ediphy incorporates sophisticated pre-trade analytics powered by Consolidated Tape (CT) trade data alongside our proprietary Liquidity Checker tool.
Operating natively within the web application, this data-driven toolkit continuously monitors global bond markets to provide actionable market intelligence. By combining historical CT trade data with real-time liquidity tracking, the platform actively notifies clients when targeted, less liquid instruments display favourable trading conditions, letting portfolio managers and execution desks capture liquidity windows that might otherwise be missed.
The pre-trade toolkit
- 01 Consolidated Tape dataHistorical CT trade data across global bond markets.
- 02 Liquidity CheckerProprietary real-time liquidity tracking, native to the web app.
- 03 Favourable-condition alertsNotifications when targeted, less-liquid instruments show favourable trading conditions.
Industry recognition
Featured
The 2025 Outsourced Trading Survey.
Independent industry research on outsourced trading in fixed income, from The TRADE in partnership with Ergo.
Bring Ediphy onto your desk.
Outsourced or co-sourced, speak to the team about extending your fixed income execution.