Alliance Bernstein Selects Algomi for ALFA

16 May 2017 in COMPANY NEWS by Tim Binnington

T. Rowe Price, BlueBay Asset Management, Brown Brothers Harriman and AllianceBernstein, to be among early adopters of Algomi ALFA

Algomi will acquire and distribute the award-winning ALFA product created and developed by AllianceBernstein (AB).

ALFA (Automated Liquidity Filtering & Analytics) was developed as an in-house liquidity tool by AB. It provides cross-market information on liquidity and trade intent in order to give the buy-side a real-time view of the entire bond market including government bonds, investment grade, high yield, emerging market, municipal debt, and structured credit.

AB selected Algomi in a competitive search process to acquire and become the sole marketer of the product, now called Algomi ALFA. It will be sold to fund managers across the buy-side, allowing them to consume data from electronic venues, messaging platforms and direct dealer inventory feeds. Algomi’s focus on data technology solutions remains unchanged and was a key factor in AB’s selection process, further emphasizing Algomi’s agnostic stance on mode of execution channel.

To protect individual client data integrity and ownership, ALFA clients will procure and own their own hardware via an approved cloud provider and Algomi will then install and deploy the ALFA software thereby maintaining Algomi's role as a pure software vendor. As with all Algomi solutions, clients own their data and Algomi has no access to the data.

Algomi has acquired the intellectual property and technology behind ALFA as well as the brand name. AllianceBernstein is also taking an undisclosed minority stake in the company and a seat on the Algomi board of directors.

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