RULES
Encode repeatable pricing, eligibility and workflow logic.
Systematic & Algorithmic Trading
Turn trading ideas into executable strategies.
Build, test and deploy systematic and algorithmic strategies with the data, analytics and connectivity of the FTLabs platform.
SYSTEMATIC FOUNDATION
Turn repeatable trading logic into controlled workflow.
Systematic trading in fixed income is not just about speed. It is about encoding repeatable decisions — pricing, quoting, prioritization, routing and response — so desks can act consistently as markets and inputs change.
FTLabs brings market data, analytics, workflow and connectivity together so firms can build systematic processes without separating automation from the operational trading environment.
DATA
Apply live market, benchmark and analytical inputs to each decision.
EXECUTION
Move approved actions into connected fixed-income workflows.
SYSTEMATIC CAPABILITIES
The building blocks of controlled automation.
Rule-Based Trading
Turn desk policies and trading logic into repeatable workflows for pricing, quoting, prioritization and response.
Automated Pricing
Apply spreads, markups, benchmark relationships and analytical inputs to generate or update prices as market conditions change.
Benchmarks, Curves & Models
Use Treasury benchmarks, curves, indexes, analytical models and proprietary logic as live inputs to systematic decisions.
Automated Execution
Route eligible quotes, RFQs and orders through defined workflows and connected destinations when configured conditions are met.
Human Oversight
Keep traders in control with approvals, exceptions, overrides and escalation paths appropriate to each workflow.
Monitoring & Controls
Apply limits, stale-data checks, price-reasonability rules, eligibility logic and audit trails around automated activity.
RULE-BASED TRADING
Automate the repeatable. Preserve judgment where it matters.
Systematic workflows can continuously evaluate market inputs and desk-defined rules while preserving human control over exceptions and higher-risk decisions.
MARKET INPUTS
Benchmarks, pricing, inventory and analytics
RULES & LOGIC
Eligibility, spreads, markups, limits and desk policies
DECISION
Price, prioritize, approve, route or respond
EXECUTION
Connected trading and workflow destinations
OVERSIGHT
Exceptions, audit trail and human intervention
AUTOMATED PRICING
Pricing logic that moves with the market.
Firms can apply their own pricing logic, models and data sources to systematic workflows. FTLabs supports configurable inputs rather than prescribing a single pricing methodology.
Automated Pricing
- Real-time benchmark feeds
- Spread-to-benchmark logic
- Markup / markdown rules
- External pricing inputs
Benchmarks, Curves & Models
- Curves and indexes
- Security-level analytics
- Proprietary models
CONTROLLED EXECUTION
From qualifying event to executable action.
When defined conditions are met, FTLabs can support workflows that update quotes, prioritize RFQs, prepare responses and route eligible activity through connected systems and venues.
Examples of configurable workflows may include:
- Updating published offers as benchmark inputs move
- Generating suggested RFQ responses
- Automatically responding to eligible low-risk RFQs
- Routing activity based on inventory or account rules
- Monitoring stale quotes and execution exceptions
Each firm determines which workflows to configure for its operating environment.
HUMAN OVERSIGHT
Automation with explicit boundaries.
Systematic workflow should extend desk strategy, not remove desk control. FTLabs supports configurable controls so firms determine what can execute automatically, what requires approval and what should be escalated for review.
ELIGIBILITY RULES
Define which securities, accounts, sizes or workflows qualify.
LIMIT CHECKS
Keep automated actions within approved trading and risk parameters.
STALE-DATA CHECKS
Prevent actions from relying on outdated market inputs.
PRICE REASONABILITY
Validate proposed activity against defined tolerances.
APPROVAL TIERS
Require human authorization where risk or policy demands it.
KILL SWITCHES & OVERRIDES
Allow authorized users to stop or intervene in automated workflows.
AUDITABILITY
Maintain visibility into inputs, rules, exceptions and actions.
BUILT INTO THE WORKFLOW
Systematic capability connected to the trading desk.
BondPUB provides the operational workflow layer for systematic fixed-income activity, connecting pricing, inventory, RFQs, orders and trader controls rather than leaving automation in a disconnected model or script.
Proprietary desk models can work with BondPUB through APIs, the Python SDK and Excel integration, alongside real-time pricing / benchmark inputs and order and position controls. Firms can retain their models while connecting them to the operational workflow.
BUILT FOR IT TEAMS
Modernize systematic workflows without rebuilding the entire environment.
FTLabs is designed to operate in complex fixed-income technology environments.
FTLabs does not require firms to replace Bloomberg or every surrounding system in order to modernize systematic trading. BondPUB and BondHUB can operate alongside Bloomberg, clearing vendors, pricing providers, internal risk systems, spreadsheets and other legacy or third-party infrastructure.
INTEROPERABILITY
Connect systematic workflows with existing systems and established infrastructure.
GOVERNABLE INTEGRATION
Support manageable integration and secure, reliable workflows within the firm’s controls.
PHASED MODERNIZATION
Introduce new capabilities incrementally while existing infrastructure remains in place.
SYSTEMATIC & ALGORITHMIC TRADING
Build systematic workflows around the way your desk actually trades.
See how FTLabs can connect data, analytics, rules and execution in a controlled fixed-income trading environment.