News & notable moments.

Industry recognition, client wins, product updates and market commentary from across the desk.

Market Commentary

This is what scale looks like (Part 2 — the hard stuff)

“OTC Derivatives” is not an asset class. CDX IG ≠ CDX HY; let alone vs a double barrier FX option or a non-deliverable swap. These are incredibly nuanced and diverse markets, with hundreds of structures…

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Market Commentary

This is what scale looks like (Part 1: Bonds)

Buyside traders are being asked to do more across all dimensions, with fewer resources…

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Media

Buy-side trading technology is being rebuilt — not replaced

Thanks to Toby Babb and Harrington Starr for a thoughtful interview on topics near and dear to our hearts — he knows our business and our industry well…

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Partnership

Arcesium and Adroit are now integration partners

Fresh for 2026 — we’ve established bilateral connectivity for our first major mutual client, who actively trades across cash bonds, FX, and both listed and OTC derivatives…

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Year in Review

2025 in Review — it was a biggie

What we’re seeing in the market, where we grew, and what’s ahead for 2026…

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Client Win

Mercer Implements Adroit as EMS Across Cash and Derivatives Markets

We look forward to continued collaboration with Mercer to enable greater systematic integration, enhanced collaboration, and improved access and efficiencies.

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Industry Recognition

Look whose EMS is top right in FI

↗️ Well well well, look whose EMS is “top right” in fixed income (oh…same story for FX, and crypto) Of the 14 EMSs Crisil Coalition Greenwich researched over the last year, Adroit came out on top for fixed income once again. A few highlights on why we scored the highest of all, across EMS functions:✅ The things that […]

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Conference

Sure FILS like we’re getting somewhere

Enjoyed another excellent Fixed Income Leaders Summit catching up with friends and partners. Some clear signs of evolution, and here are our takeaways … Data is the new “the”…it was in every sentence🌐 Plumbing. Before traders can apply data to real life, they need to capture (market’s and their own), clean, access, and join it.🌐 Public trade tape: A handful […]

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Market Commentary

Munis are different, so are we

Muni trading market trends Which leads to 4 observations about muni tech Why Adroit Why now Adroit has balanced muni market microstructure with a truly cross-asset solution, for everything trading and trading adjacent. See how we’re different, and how we can help you to scale.

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Market Commentary

Are You a Trader or a Plumber?

If you’ve ever spent hours chasing down a stale quote, second-guessing an eval price, or reconciling five different versions of “the market,” you’re not alone. Welcome to the fixed income data flood: 20+ pricing sources 100+ dealers OWIC/BWICs, runs, axes, actionable/order book prices, TRACE / MSRB feeds, predictive models …and somehow a screen that still […]

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Conference

Takeaways from FILS USA 2025

In honor of Fixed Income Leaders Summit being in DC this year, I have chosen to indiscriminately Capitalize Words and use unnecessary Punctuation!! Themes from meetings, boozy/non-boozy conversations and the formal sessions.📌 To all my equities friends: the credit markets are not a backwater. IG & EMEA corp notional e-trading percentages are now on par with those for […]

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Market Commentary

Market structure change in EMEA is still gelling

“What’s taking so long?” was my favorite question from this month’s excellent FILS EU Connect conference. In this case, a current FI EMS client was inquiring about his peers who so very clearly want one, yet still haven’t pulled the trigger. But I think it’s a broader question; despite some signs of progress, fixed income […]

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Funding

Adroit Trading Technologies Raises $15 Million in Series A Funding, Led by Centana Growth Partners

Leading buy-side provider in fixed-income cash and derivatives plans to scale distribution and development STAMFORD, Conn.–(STAMFORD, Conn.–(BUSINESS WIRE)–Adroit Trading Technologies today announced its Series A growth round of $15 million led by Centana Growth Partners, a specialized growth equity firm that invests in fintech and related enterprise software. The funding will be used to accelerate growth […]

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Client Win

Invesco chooses Adroit as cross-asset EMS

 Adroit Trading Technologies, a leading trading system for institutional buyside managers, today announced that it has been mandated as EMS across OTC and crypto assets by Invesco Ltd., one of the largest and most progressive global investment managers. As EMS, Adroit provides a single tool for Invesco’s global trading desks across pre-trade, execution, and post-trade […]

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Chartis Research: Top Fixed Income EMS — ranked since 2023 Coalition Greenwich: Highest Ranked EMS for Fixed Income — 2025 SOC 2 Certified Current clients manage over $9 trillion in assets Minority investment from Centana Growth Partners "Light years ahead of everybody else. This is the utility we asked for from tech." — Head of FICC Trading, Top 10 AM "I have 12 projects underway, and yours is the only one tracking green." — CIO, Top 5 UK AM "You've built what I have been asking my OMS to do for the last 3 years." — Head of Trading, Top 40 AM "You guys are doing calculus, the other guys are doing algebra — and I'm being generous." — Head of Trading Tech, Top 20 AM "Where have you been all my life?" — Fixed Income SMA PM, Top 20 AM