It offers access to real-time market activity, historical prices, and aggregated trade volumes.

FlexTrade, a multi-asset execution and order management systems firm, and Propellant Digital, a firm offering trading data analytics, partnered to offer pre-trade insights to T. Rowe Price's fixed-income trading teams.

According to the official announcement, T. Rowe Price will enhance its fixed-income trading capabilities by adopting Propellant Digital's analytics platform through FlexTrade's execution management system, FlexFI. This collaboration promises to streamline workflows, deliver real-time market insights, and optimize trading strategies for T. Rowe's trading teams.

The integration of Propellant Digital's data analytics with FlexTrade's FlexFI platform offers T. Rowe Price's fixed-income teams access to pre-trade information, including real-time market activity, historical trading prices, and aggregated trade volumes.

By embedding these insights within FlexFI's order blotter, the partnership aims to capitalize on the growing transparency requirements in Europe and the UK aimed at enhancing fixed-income trading.

FlexTrade's role in this collaboration cannot be understated. As Matt Murphy from T. Rowe Price points out, the use of FlexFI as their fixed-income execution management system (EMS) enables T. Rowe to efficiently incorporate new data sources into their trading interface.

This flexibility ensures traders get an aggregated view of multiple data streams, which is crucial for making informed decisions amidst constantly changing market dynamics.

Propellant's focus on transparency and analytics complements FlexTrade's open architecture, creating a cohesive trading environment that seamlessly integrates new data sources. The new partnership is built around ensuring traders can access and act on pre-trade data.