The March 2023 Aite-Novarica Group report evaluates the sell-side fixed income connectivity solutions market using its Aite Matrix framework, featuring AxeTrading, Bloomberg L.P., Broadway Technology, ION, and SoftSolutions. Growth in electronic fixed income trading has increased demand for efficient pre- and post-trade functions, with firms favoring vendor products over in-house builds and enhancing rather than replacing existing systems. Flexible deployment models, including on-premises and cloud options, are key. Technology spending, $295 million in 2022, is projected to rise 60% to $497 million by 2025. Bloomberg L.P. ranked best-in-class, followed closely by ION, Broadway, AxeTrading, and SoftSolutions.

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