CastleOak Securities Launches DirectPool™ Corporate Bond Electronic Trading Platform Powered by Bloomberg
NEW YORK– January, 12, 2017 – CastleOak Securities, L.P., a leading New York‐based boutique investment banking firm, today announced that it has launched DirectPool™, a platform for U.S. corporate bond electronic trading powered by Bloomberg.
“We have partnered with Bloomberg, an enduring innovator in financial technology, to launch DirectPool™, a best‐in‐class technology platform designed to provide our clients with top‐tier trade execution,” said David R. Jones, President and Chief Executive Officer of CastleOak Securities. “Since its late‐September launch, DirectPool™ has enjoyed significant success, with the support of key buy‐side clients and dealers.”
Over 40 institutional clients and 27 sell-side dealers have traded with CastleOak Securities through DirectPool™ since its first trading day in September 2016. Volume levels have steadily increased with $3+ billion of investment grade corporate inquiry and nearly
$1.5bn in trades completed.
“Through the DirectPool™ platform, we are cost-effectively connecting price‐makers and price-takers, maximizing the best price and minimizing leakage of information,” said Thomas Thees, Head of DirectPool™ and Head of Fixed Income for CastleOak.
“We are excited to offer clients this efficient liquidity solution that adds value and ultimately helps them achieve their performance objectives,” added David R. Jones.
"We are pleased to provide clients with access to the depth of liquidity available via CastleOak on the Bloomberg professional service,” said Philip J. Cenatiempo, Head of Global Markets for Bloomberg. “As trading of corporate bonds increasingly takes place electronically, there is steady demand for innovative options for discreet sourcing of liquidity.”
About CastleOak Securities
CastleOak Securities L.P. is a boutique investment bank focused on the capital markets and serving a broad array of corporate, governmental and institutional investor clients.
Headquartered in New York City, and with five regional offices, CastleOak specializes in financial advisory, equities, fixed income sales and trading, and capital markets. For more information, visit www.castleoaklp.com
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Professional service. Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit
www.bloomberg.com or request a demo.
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