Why partner with ICRV
01
Sophisticated tools
Advanced tools for optimal trade construction and discreet, dynamic execution - tailored to your strategy or built from ICRV house builds.
02
Deep liquidity
Extensive pools including exclusive platforms, internal matching and top-tier providers on benchmark USTs.
03
Market edge
Proprietary data and expert daily commentary, informed by modelling and flow analysis.
TECHNOLOGY
Built for precision, speed and minimal footprint
Propriety strategy engine
Constructs, links and weights products for tight pricing: SOR logic achieves passive fills where viable.
Dynamic execution logic
Parameters adapt in real time to liquidity, volatility and order specifics.
Ultra-low latency
Technology co-located directly at exchange servers.
Specialised algorithms
Basis, STIR/TED/strip and roll execution, TWAPS and automated carry adjustments for GTC UST orders - including off-the-run instruments and exchange-traded options.
HOW WE EXECUTE
From orders to clearing,
one integrated workflow
BASIS | CURVE | FLIES | TEDS | CALENDAR ROLLS - OR BESPOKE ICRV HOUSE BUILDS
STEP 1
Place your order
Voice, Bloomberg Chat, FIX routing, SFTP or directly on the ICRV web platform with real-time tick charting
STEP 2
Strategy construction
Our engine constructs, links and weights each leg for tight pricing and efficient execution paths.
STEP 3
Dynamic execution
SOR across 10+ lit and dark venues, internal matching, ultra low latency co-located at exchanges.
STEP 4
Automated post-trade
EOD reconciliation via SFTP or email; FIX connectivity for straight-through processing to clearing.
LIQUIDITY
Unparalleled liquidity and access
Smart order routing
Aggregates major lit and dark venues so your orders interact with the broadest possible pool.
Internal flow matching
Substantial daily flows - billions in USTs, hundreds of thousands of futures contracts - with advantageous pricing increments on benchmark USTs.
Off-the-run desk
Bespoke off-the-run and CTD basis strategies - maturity-weighted butterflies, switches with curve overlays - informationally barriered for robust client anonymity.
ACCESS
Connect and execute your way
Place orders however your workflow demads and manage everything through the ICRV web platform: every standard and bespoke strategy, real-time tick charting, direct algo access, execution by yield or price index.
VOICE | BLOOMBERG CHAT | FIX ROUTING | SFTP
MARKET INTELLIGENCE
Daily insights, rolls analysis and comprehensive TCA - proprietary modelling and flow analysis that informs your strategy, not just your fills.
Let's talk about your execution.
The desk is open. 24 hours a day.
