SinoPac Securities Adopts Bloomberg’s ETOMS to Boost Electronic Market-Making | LeapRate
Taiwan’s SinoPac Securities has adopted Bloomberg’s ETOMS, part of the firm’s Sell-Side execution management offering, to strengthen its electronic market-making capabilities in the USD corporate bond market, Bloomberg announced on September 16.
The adoption builds on SinoPac’s existing use of Bloomberg’s Trade Order Management Solutions (TOMS), and together the two systems will allow the firm to automate pricing, quoting and execution workflows for its USD corporate bond business. The technology enables SinoPac to distribute electronic quotes and respond to client trading requests in real time, a move aimed at improving efficiency across its market-making operations.
SinoPac has relied on Bloomberg’s TOMS and Multi-Asset Risk System (MARS) since 2021 to handle trade ticketing, profit and loss monitoring, and risk management for its USD corporate bond and derivatives activities. With this latest step, the firm becomes the first Taiwan-based securities house to act as a bond market maker through Bloomberg’s ALLQ function.
Leon Huang, Senior Executive Vice President and Head of Fixed Income Division at SinoPac, said providing timely liquidity and efficient execution remains central to the firm’s strategy as fixed income trading grows more electronic. He added that the technology supports SinoPac’s efforts to serve clients in Taiwan while preparing it to capture cross-border opportunities.
James Bell, APAC Head of Sell-Side Technology Sales at Bloomberg, said the move reflects the broader electronification trend across Asia’s fixed income markets, noting Bloomberg’s ongoing collaboration with SinoPac as it deepens connectivity with global market participants.
