# CRD and LedgerEdge: Better data, on the trader’s desktop ## Метаданные - **Канал:** Trader TV - **YouTube:** https://www.youtube.com/watch?v=8CDlyCYoYF8 ## Содержание ### [0:00](https://www.youtube.com/watch?v=8CDlyCYoYF8) Segment 1 (00:00 - 05:00) welcome to trader tv your insights into trading for professional investors i'm dan barnes traders need to ensure they can bring the right information onto their desktop while preventing information from leaking out into the market when they trade with me today our video guruju of charles river development and david nicholl of ledgerage to discuss how a partnership between their firms is going to help traders great to be here hi dan how would you characterize the data challenge that traders are facing today traders today engage with different types of liquidity different types of data and data of varying qualities they have to make use and make sense of the data they're seeing from the market but more importantly firms across the buy side and the sell side are being asked to treat their data as an asset because their data truly is an asset it's powering and informing new and systematic trading strategies it's informing firms as they look at their portfolio moves and it's something that everyone is making far better use of so firms need to not only understand the data that they're seeing from the market understand its quality and understand what to expect as they engage with that data but they also need to think about how they own and control their data how they make good use of their data and how they use all of that to obtain fundamentally better execution so how's the partnership between your firms helping them to address this as a vendor in the oems space our focus is to provide a broad array of choices to our buy side traders whether it be sources of market data you know different iois access prices being published by dealers whether it be to aggregators or through venues to bring that into child server present that in an aggregated fashion to the traders and on the back of it also provide connectivity for executing at the levels presented ledger edge helps us deliver on that promise when we spoke to our clients and kind of understanding their perspective on what's happening in the market and what their priorities are in terms of connecting to some of the newer venues ledger edge rank pretty high and it has to do with their secure way of protecting the client's data as well as the slick user interface that helps them pinpoint the different options they have and quickly close in on the best execution that they can deal with to their clients ledger edge is a next generation trading ecosystem for corporate bonds we use secure trusted and cutting edge technology to give users ownership and control of their data the ability to use smart orders to engage with the market and not leak their data to the entire market and connections to fundamentally obtain better execution we've got this very powerful technology but the challenge for us at ledger edges we want to make that as usable as possible as easy to work with as possible by integrating with crd we're able to integrate directly into the workflows and the technology base that firms already use to give the trader those powerful tools directly on the desktop where they spend most of their day by giving the trader and the portfolio manager liquidity information and information of new and different types of liquidity that are available in ledger edge nowhere else we're able to help the portfolio manager and the trader put together the very best trading strategy for a few dozen different types of trading situations so it's a really tight and natural partnership and i think that the future of oems and venue connectivity involves this partnership it involves adding liquidity information and real live market data and market pricing to the conversation that's already happening between various parts of the buy side trading desk why have charles river and ledger edge decided to do this now we're on the cusp of a revolution in the corporate bond market we're using technology and we're deploying technology in a live regulated environment built for institutional grade transactions using new technology that hasn't before been deployed in this market traders and market participants can engage across different liquidity and trade electronically we're at the point in the technology lifecycle for distributed ledger technology and cloud delivered trading ecosystems where we can deploy this technology make it available to customers with these powerful integrations with firms like crd in a way that passes their compliance integrates into their existing workflows and delivers that fundamentally far more powerful view into the market to engage and trade better looking to the future then how is this partnership going to develop and expand as you know deaths have been shrinking which means that the buy side traders are being asked to do more with less something that can be offloaded to automation is highly desirable so the next set of integrations will be focused on that in terms of being able to bring in some of those indicators whether it be iois or prices access liquidity scores kind of things back from ledger edge into child server so that we could use those indicators to ### [5:00](https://www.youtube.com/watch?v=8CDlyCYoYF8&t=300s) Segment 2 (05:00 - 07:00) automate those orders that we can the low touch orders so the traders can truly focus on orders that require manual intervention and the second phase of where we want to take this is more optimized workflow we have good integration with ledgerage today we call it the staging workflow which is a user in child server is able send out an order to ledgerage work that order in ledger edge and the execution details once that is done flow back into child service fix electronically and update the status and all that good stuff where we want to go we have two options here one at high tech integration through fix where you're interacting just in child server and the fixed interactions communicating with ledger edge and the other option in parallel we're exploring is interaction over fdc3 type of framework that enables us to frame ledger edges much desired user interface into child server so that you're still in the framework of child server but also taking advantage of ledger edges user interface so that's i think where this is going next i think the key is that partnership between the trader and the portfolio manager as they look at real live liquidity information in the market traders and portfolio managers are making far more use of new and different protocols that are really delivering better results in the corporate bond market these are things like parametric trading etf trades and related movements and portfolio trading as well as firms across the buy side look to take advantage of relative value opportunities and obtain fundamentally better alpha they're looking for better partnerships and a more direct route to obtain the liquidity and the quality execution that they need to achieve their strategies the partnership between ledger edge and crd is just beginning we're going to be adding new and different protocol integrations tighter integrations across the free trade and the post trade and we're really excited to help users take advantage of the data that they're bringing to the market which they only control in ledger edge but in very few other secondary market venues firms like crd are doing a wonderful job in providing insights and analytics to customers as they go about that trading process and we're very happy to help them by providing better interaction with the secondary market itself guys that's been great thank you both so much thank you for having me thank you i'd like to thank david nvidia for their insights today and of course you for watching to catch up on our other shows also subscribe to our newsletter go to tradertv. net --- *Источник: https://ekstraktznaniy.ru/video/44912*