Global Asset Manager

Scaling efficiency across global time zones.

The client is one of the largest pension fund managers in its region, running an in-house asset management division built around low-cost, index-tracking strategies. A lean three-person fixed-income index team covers global government, SSA, credit and futures, operating a methodical, high-volume execution process defined by volume, cost control and execution quality.

The mandate. Efficiency in core markets was a given. The challenge was the long tail: bonds in niche currencies and peripheral markets that generated a disproportionate amount of work. A traditional fix would mean onboarding multiple local brokers and venues, with significant legal, compliance and technical overhead, and traders working outside their core hours to reach liquidity outside Europe. The team needed automated, efficient execution that did not disrupt their established operations.

The solution. A streamlined execution workflow combining Ediphy's execution service with the Bloomberg Terminal's TSOX, the on-terminal buy-side fixed-income EMS. Ediphy is reachable in TSOX via the leave-code EDI, so the team gained an automated execution channel for specific market segments inside familiar workflows, with no new technology build. Orders are staged in TSOX, routed to Ediphy with a single click, and systematically executed across an aggregated global liquidity network, with executed details flowing straight back into the OMS for settlement.

The outcome. The team automated peripheral-market trading in out-of-timezone markets, improved execution quality in less liquid securities, and significantly reduced operational overhead. A single relationship replaced dozens of individual counterparty onboardings; market-on-close orders via TSOX removed the need to work late on international portfolios; and consolidated execution and settlement simplified the post-trade workflow. The result freed trader capacity for core, alpha-generating activity.