Ediphy Markets
Multi-venue fixed income execution platform with consolidated tape data and analytics infrastructure
Overview
Ediphy provides an integrated infrastructure layer for fixed income markets, encompassing multi-venue execution, consolidated bond data, and institutional-grade analytics. The platform includes fairEx for directed routing and best execution across government bonds, investment-grade and high-yield credit, interest rate swaps, and inflation-linked instruments, connecting to CLOB, RFQ, auction, and dark pool venues. Ediphy also delivers liveBook, a cloud-native order management system with live Investment Book of Record capabilities, and Ediphy Connect, which consolidates normalised post-trade bond data from ESMA, UK, and TRACE tapes into a single feed.
The platform provides independent pricing, risk analytics, transaction cost analysis, and MiFID II best-execution evidence generation. Additional offerings include regulatory advisory services, managed gateway services for consolidated tape and regulatory reporting, and BYOC deployment options for institutions requiring infrastructure within their own VPC perimeter.
Key Features
- + Multi-venue execution across government bonds, credit, rates, and inflation with smart routing
- + Consolidated bond data feed normalising ESMA CT, UK CT, and US TRACE into a single tape
- + Cloud-native order management system (liveBook) with live Investment Book of Record
- + Independent pricing engine with real-time mid, TCA, and liquidity scoring
- + MiFID II best-execution evidence generation and regulatory reporting hub
- + BYOC deployment for in-perimeter infrastructure with client governance