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Electronic Credit Trading

Fenics Credit

Access the full Fenics Credit suite — PortfolioMatch and Volume Match — for efficient, anonymous dealer-to-dealer corporate bond trading.

OVERVIEW

Two Protocols. One Powerful Platform.

Fenics Credit offers dealers two electronic trading protocols — PortfolioMatch and Volume Match — for U.S. Investment Grade and High Yield corporate bond markets. PortfolioMatch is a session-based, dealer-to-dealer protocol running twice daily, where traders upload portfolios and execute at algo-derived mid prices. Volume Match is an anonymous, sector-based protocol running throughout the day, matching buyers and sellers instantly on a FIFO basis. Both protocols run on GBX, require no additional software, and support manual and FIX API connectivity.

EST.

2020

HEADQUARTERS

New York

DOMAIN

fenics.com

WHAT WE OFFER

Two protocols built for smarter credit execution

PortfolioMatch

Upload portfolios pre-session; execute at algo-derived mid prices. Sessions at 12 PM and 2 PM ET.

Volume Match

Anonymous sector-based matching all day — buyers and sellers paired instantly on a FIFO basis.

No Information Leakage

All orders remain fully confidential pre- and post-trade across both protocols.

Flexible Connectivity

Upload manually via Excel or automate seamlessly through FIX API — no additional software required.

HOW WE HELP

Efficient execution across every credit workflow

1

Market-Leading Technology

Trade on GBX with fast execution, deep liquidity, and resilient infrastructure built for U.S. credit markets.

2

Session & Intraday Coverage

PortfolioMatch at 12 PM and 2 PM ET; Volume Match all day — full trading day liquidity coverage.

3

Manual or API-Led Submission

Upload manually via Excel or automate your submissions seamlessly through FIX API connectivity.

4

Multiple Risk-Constraint Types

Advanced risk controls designed for systematic trading desks and line traders across both protocols.

5

Full STP

Straight-through processing of all trades delivered through FIX or Auto VCON.

GET IN TOUCH

Interested in learning more?

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