Ediphy has launched a new suite of trading and analytics APIs through its developer portal, as part of an effort to enhance automation for bond and interest rate swaps (IRS) markets.
The new offering will allow developers and systematic trading desks to gain access to Ediphy’s execution, liquidity and analytics tools, tailored to credit, government and SSA bonds and IRS markets.
Specifically, the APIs services span execution management, liquidity checking and transaction cost analysis (TCA).
Speaking to The TRADE, Chris Murphy, co-founder and chief executive of Ediphy, explains: “The future of fixed income markets requires traders to not be constrained by any single venue or protocol. By providing a unified abstraction layer, we are enabling market participants to transcend legacy infrastructure and automate their workflows on their terms.
“These APIs allow firms to focus on their trading strategies instead of navigating the complexity of the underlying market plumbing.”
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In addition, the suite of products has been designed with the goal of bolstering transparency and workflow efficiency in fixed income markets in particular, with the new developer portal expected to serve as a central hub for firms integrating Ediphy’s infrastructure into their workflows.
The development aligns with Ediphy’s mission to automate the wider fixed income sphere and builds on the firm’s recent success in being named the consolidated tape provider (CTP) for bonds in the EU by the European Securities and Markets Authority (ESMA) in July 2025.
The tender, which will be taken on by Ediphy-led consortium, fairCT, will see the firm operating the CT for a five-year period, under ESMA’s supervision. Ediphy is now expected to apply for authorisation to continue with the tape proceedings.
