Complex multi-lateral matching in illiquid assets. Built on institutional intelligence from AIQ Insight™ and AIQ Direct™, delivering privacy-first execution for large trades.
Traditional RFQ processes expose your intentions to the market. Every call signals your position.
What if large institutional flows could find each other directly?
Your trading intentions shouldn't leak to the market. Explore concepts where position information stays private until execution.
When natural buyers and sellers exist, why route through dealer intermediaries? Lower costs, less market impact.
Leverage AIQ Insight™ and AIQ Direct™ data foundations. Smart routing knows when to match directly vs. when dealers add value.
Solving real execution challenges in illiquid corporate bonds
Portfolio rebalancing and position changes
Execute $10M+ trades without sequential RFQ information leakage. Privacy-preserving matching finds natural counterparties while protecting your strategy.
Example: Sell $50M of illiquid industrial bonds without signaling large position unwind to dealers.
Institutional flow matching
Match natural buyer and seller flows within the institutional community. Reduce dealer intermediation costs and market impact for both sides.
Example: Insurance company buying what pension fund is selling, matched directly with minimal spread impact.
Price discovery in stressed markets
When dealer liquidity evaporates in stressed names, anonymous institutional matching provides critical price discovery without signaling distress.
Example: Exit positions in downgraded credits without broadcasting forced selling to opportunistic dealers.
Lower execution costs
When dealers don't need to pre-hedge your large order risk, spreads tighten. Direct institutional matching eliminates this cost layer.
Impact: Typical 5-10 basis point reduction in execution costs for large blocks through natural matching.
Three products for institutional bond markets
Dynamic search for U.S. corporate bond trade data. Query live and historical prints, analyze spreads, and monitor market activity.
Available Now →
Liquidity intelligence extending AIQ Insight™ with additional data sources to surface counterparties and market context.
Coming soon →
Privacy-preserving venue concepts for complex multi‑lateral matching in illiquid assets.
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Institutional-grade privacy concepts require institutional-grade partnerships. Get early access by joining our design partner program.
Want to shape the future of bond trading infrastructure? Talk to our team