Fidelity Launches Digital Bond Trading Platform for Advisors

News August 13, 2020 at 03:00 PM
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Fidelity sign Fidelity location in Sunnyvale, California (Photo: Shutterstock)

Fidelity Institutional has launched a fully digital fixed income trading solution that helps advisors manage all aspects of fixed income investing for clients.

Fidelity Bond Beacon, available through the firm's Wealthscape advisor technology platform, offers an array of thousands of bonds trading in the secondary market, including investment-grade and high-yield corporates, munis, agencies and Treasurys, as well as CDs, from multiple fixed income providers. 

Its open-architecture technology also features portfolio construction and management capabilities and analytics, including risk analytics and modeling; tools to support quality management of trade executions as well as post-trading reporting and analytics; and institutional-grade liquidity delivered by Fidelity Capital Markets' brokerage technology. 

The new platform "brings together all of their [advisors'] fixed income needs in one simple platform … gives them access to a much broader range of offerings than before, and … offers competitive prices through greater depth, which we're able to achieve as the only major clearing and custody firm with an in-house institutional fixed income trading capability for advisors," said Renzo Iturrino, head of fixed income product solutions for Fidelity Institutional's Capital Markets group, in a statement.  

Prior to the Bond Beacon launch, Fidelity clients had access to some of its capabilities but not all, and not in one place. 

Fidelity is in the process of rolling out the platform to institutional clients this month following a pilot and, according to a spokeswoman, will continue to enhance the platform based on client needs and feedback.

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