Advisors who custody with Fidelity Institutional will be able to access a robust new suite of fixed income trading tools.
The Boston-based custodian announced today the launch of Fidelity Bond Beacon, a platform it claims offers end-to-end functionality for all of an advisor’s fixed income needs.
Renzo Iturrino, head of fixed income product solutions for the Fidelity Institutional capital markets group, said that Bond Beacon will introduce simplicity and efficiency into trading individual fixed income investments. He explained that the tools address the fixed income investing experience at three levels: pre-trade, at-trade, and post-trade.
Pre-trade functionality includes institutional grade portfolio construction tools that can incorporate all of a client’s fixed income holdings at Fidelity.
“It is integrated with WealthScape, our advisor technology platform,” said Iturrino. “Client holdings are not only viewable, but they’re also linked to trade execution protocols – so, for example, an advisor could liquidate a position directly from a client’s holdings in Bond Beacon to engage the market.”
Bond Beacon will be able to be launched directly from WealthScape, said Iturrino, and purchase in Bond Beacon are updated within WealthScape in real time.
Advisors can ensure that proposed bond offerings adhere to quantities that are executable and that meet minimum increment sizes.
At-trade, Bond Beacon offers risk analytics and modeling powered by Fidelity’s research and supported by machine learning technology. Machine learning is used to generate a range of potential returns and outcomes associated with a portfolio or proposal.
The new fixed income tools also aggregate information from multiple market centers across several views, said Iturrino.
“That leads to a broader universe of bonds available directly to our customers and greater depth of availability on those bonds,” he said.