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Cashwerkz Adopts Bloomberg Solutions for its Bonds Investment Platform

Bloomberg’s trade order management solution helps Bond Income clients trade bonds more efficiently


Sydney – WEBWIRE

Bloomberg announced  that Bond Income, a registered business name of Cashwerkz Limited, (ASX:CWZ), has adopted Bloomberg’s Trade Order Management System (TOMS) for its new bond and fixed income solutions for wholesale investors, financial advisers and investment policymakers of councils and not-for-profits.

Launched in August 2020, the new service, “Bond Income”, is designed to provide greater access to bonds for wholesale investors and financial advisers with wholesale clients, as well as investment policy makers. Bloomberg’s TOMS supports Bond Income with an integrated fixed income execution and order management platform across OTC, ASX listed and hybrid instruments.

“Bloomberg’s execution and order management solutions are central to us delivering a robust service to our investors, so they can act with speed, efficiency and confidence when trading bonds on our platform. Bloomberg have been a key technology partner in helping us design this service and deliver it to market quickly,” said Jon Lechte, Chief Executive Officer of Cashwerkz.

He added, “their advanced technology, integrated solutions and ability to synchronise real-time orders reliably means we can streamline operations and optimise our IT workflow. This allows us to focus on future innovations, platform improvements and enhancements for our clients.”

“We are excited that Bond Income has chosen us to help them bring their innovative new service to market. Our fixed income heritage and deep technology expertise will support their growth and help them advance wholesale fixed income investment in Australia.” said Phil McCabe, Global Head of Sell-side Solutions, Bloomberg. Continuing that “as investors look to diversify their portfolios and manage volatility during these uncertain market conditions, the launch of this service is timely.”

Bloomberg’s TOMS provide sell-side firms the capabilities to efficiently manage inventory, risk, P&L, compliance, and straight-through processing across various asset classes. The suite of solutions includes electronic trading tools and market connectivity to help firms synchronize their front office risk and trading with middle-office, operations, and enterprise applications in real-time.

Bloomberg’s TOMS has been consistently awarded the ‘Best Sell-Side Front-Office Platform’ by Waters Technology since 2013. Bloomberg’s integrated suite of solutions for the sell-side help more than 16,300 users across the world manage positions, trade orders, multi-asset risk, execution as well as a salesperson efficiency, which is built on an algorithm that lets relationship managers know which clients to call and when. For information on TOMS, please click here.

About Bond Income
Bond Income, a registered business name of Cashwerkz Limited, began trading on 14th August 2020. It offers direct sales of Government and Corporate bonds to sophisticated and wholesale clients in Australia. Bond Income is a full-service business, offering research and portfolio optimisation across both deposits and fixed income securities.

About Bloomberg
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Terminal. Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit Bloomberg.com/company 


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