Fixed Income Order Management System
Leave re-keying and disconnected tools behind. Stage and route orders, allocate fairly, and automate post-trade processing, all in one system.
Trade volume increase, without adding headcount
Reduction in time spent allocating trades
Reduction in pre-trade compliance burden
Centralize your fixed income operations on one AI-enabled system
Many desks lose time because of fragmented systems. Typing trade details into multiple systems, compliance runs separately from trading, orders sent via email, and allocations happen in spreadsheets. IMTC brings the entire workflow into one platform, an integrated OMS and PMS, so you can construct, check compliance, route orders, allocate, and process trades in one place. AI-powered workflows keep the desk moving while maintaining the highest standards for your firm.
View live offers and inventory
Build and stage orders
Check
real-time
compliance
Route
orders and
click-to-trade
Allocate
and process
post-trade
See and control orders across the fixed income desk
The Blotter is the command center for the trading day. View every open order, fill awaiting allocation, and trade moving downstream in one live view, with open orders reflecting real-time changes across your portfolios. Your fixed income OMS is built for the way fixed income actually trades, and every column, section, and dashboard is yours to configure so the screen matches how your desk works.
- Manage every order on one screen, from creation to execution
- Build, block, split, and reallocate orders with flexibility
- Keep an auditable record of executions and price color for best execution
Automate post-trade processing end to end
Stop manually entering trade details from one system to the next. Once a trade is done, IMTC moves the details straight through to custodians and downstream systems, so middle and back-office teams stay out of manual reconciliation. Fewer touchpoints, fewer errors, and faster reconciliation, which allows a desk to take on more volume without adding people.
- Send trade details straight through to custodians and downstream systems
- Match each custodian’s format and settlement needs automatically
- Stay ahead of T+1 and TRACE timelines with automated transfers
Act on live inventory in your existing workflow
Access live offers and inventory directly from the execution venues and broker-dealers you already use, right in your workflow, so you can compare pricing and act in one place. Click to send an order out to your chosen venue, where the trade executes under your own arrangements. Paired with the Optimizer, you can weigh live offers across your existing sources and allocate across accounts in a single motion.
- Connect to your existing sources to see inventory, in real time
- Run the Optimizer against live offers to find the best fit across accounts
- Send RFQs and click to trade, routing orders out to your own venues
Allocate trades across portfolios, after execution
Fair allocation is a fiduciary responsibility, and it is complex to determine the accounts that can take a bond, in which quantity, and adhere to each account’s rules, targets and available cash. IMTC does the math using rules-based methodologies, including pro-rata or customizable waterfall approaches, to equitably allocate with speed.
- Allocate across accounts in seconds, and re-run on partial fills
- Apply pro-rata or customizable waterfall across hundreds of accounts at once
- Hold every account to its rules, targets, and cash
Oversight and control built into every trade
Every order stays compliant, documented, and in view, so the desk moves fast while your team keeps full control. And as a SOC 2 compliant platform, IMTC holds the same standard for the security of your data.
Pre-trade compliance checks
Best-execution support
Trade impact visibility
Full audit trail
FAQ
The best fixed income order management system is built specifically for how fixed income actually trades. It should manage orders and portfolios in one system, check compliance before every order, connect to the custodians and venues you already use, and allocate across accounts using rules-based methodologies. A trade order management system should keep the whole trade lifecycle connected, from order creation through execution, allocation, and post-trade processing, so trade details move without re-keying. For managers running many separately managed accounts, what matters most is handling all of that at scale, since each account carries its own rules, targets, cash, and restrictions. IMTC is purpose-built for fixed income managers running individual bond accounts and SMAs.
An integrated OMS and PMS runs order management and portfolio management on one platform, so construction, trading, compliance, allocation, and post-trade share the same data without manually transferring orders and trade details. A standalone OMS handles orders alone and depends on exports and handoffs to other systems, which adds time and error as account counts grow. An integrated platform keeps holdings, cash, custodian data, compliance, and orders in one place, so a manager can optimize portfolios, check compliance, see live offers, route orders out to their own venues, and allocate across accounts in one workflow. IMTC is an integrated OMS and PMS, built for fixed income managers running many customized accounts at scale.
Allocating trades fairly means every account receives its equitable share of a fill, regardless of size or the order it came in, so no client is advantaged over another and orders filter to the accounts that need it most. A fixed income OMS should apply a consistent, rules-based methodology to split each execution across accounts methodically, while maintaining an audit trail. This is a core fiduciary responsibility, and when a partial fill has to be spread across hundreds of accounts, the method needs to be objective and repeatable rather than manual. IMTC allocates across accounts using rules-based protocols, including pro-rata and customizable waterfall approaches, applied automatically and documented on every trade, so managers can meet their fiduciary duty at scale.
A modern fixed income OMS streamlines trading by running the whole order lifecycle in one place: surface live offers and inventory, stage and control orders, check compliance pre- and post-trade, click-to-trade to route orders to your venues, and allocate fills across accounts. A system that has straight-through processing and automates post-trade processing allows desks to move faster, with fewer errors. IMTC is purpose-built for fixed income managers to streamline and automate fixed income operations.
Acting on live dealer inventory in your own workflow means seeing live offers and inventory from the venues and broker-dealers you already use without leaving your portfolio and order management system, so pricing and decisions stay in one place. A system that surfaces inventory next to portfolio holdings and account rules allows a manager to compare offers, check fit across accounts, launch RFQs, click to send an order out to a chosen venue, where the trade executes under the firm’s own arrangements. Paired with an optimizer, a desk can weigh inventory across its existing sources and allocate across accounts in a single motion. IMTC’s Live Markets incorporates live offers and inventory from select ECNs and broker-dealers, so a desk can act on them right in its existing workflow.