Fidelity Institutional says it has launched a new digital platform for trading fixed-income securities, aimed at financial advisors and firms.
Fidelity Bond Beacon offers intermediary bond trading and management as well as portfolio management capabilities and integrates with Fidelity’s advisor technology platform Wealthscape, according to a press release from the company. The new platform offers portfolio management, construction and analytics, risk analytics and modeling, conditional market scenarios, and post-trade reporting and portfolio analytics, Fidelity says.
The company also claims that the platform improves price efficiency and offers “institutional grade liquidity” while giving advisors better access to the overall fixed-income market.
Fidelity first ran a pilot of Bond Beacon and began offering it to Fidelity Institutional clients in February, the company says.
“The three primary benefits to advisors are that it brings together all of their fixed-income needs in one simple platform, it gives them access to a much broader range of offerings than before, and it 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,” Renzo Iturrino, head of fixed-income product solutions for Fidelity Institutional’s capital markets group, says in the press release. “That allows us to consistently deliver value back to our customers.”
The new platform builds on Fidelity’s earlier initiatives in improving fixed-income offerings for advisors, the company says. In 2019, Fidelity launched a fixed-income portfolio review diagnostic tool, and in January 2020 it rolled out a new suite of bond model portfolios, according to the press release.
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