All-to-All
All-to-all greatly increases the number of execution counterparties without the need of an established trading relationship.
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TRADING
Trading Protocols
Cicada's innovative platform provides two trading protocols — a Central Limit Orderbook and a Request for Quote.
Both protocols are designed to create an even playing field, with complete anonymity and access to cross-border liquidity.
COB
Execute the best positions with Live Prices
RFQ
Answer RFQs directly by providing a quote
either in yield or price basis.
Anonymous
Anonymity improves execution by limiting information leakage to the market, Cicada allows anonymity from order placement, all the way to execution and settlement.
Cross-Border
Both trading protocols, Central Limit Orderbook and Request for Quote, are accessible to all participants regardless of their geographic location, increasing liquidity and market depth.
Counterparty
Best solution for any participant
For Institutional Investors
Are you an institutional investor seeking a comprehensive and fair marketplace? Cicada is designed to revolutionize your trading experience.
Navigate an unfragmented market with ease and gain access to the full breadth of liquidity.
For Dealers
Enhance your product offerings, automate your processes, and expand your network of Counterparties with Cicada.
Our platform offers advanced connectivity and a white-label version tailored to your needs.
First-Class Features
Our Platform
Discover Cicada's intuitively designed platform. With distinct workspaces, you have all the tools to make informed decisions.
Individual Security Screen
Empower your trading experience with a user-friendly interface and essential tools.
Curve Scanner
Quickly assess the market and execute trades in a compact workspace.
RFQ Manager
Efficiently manage and respond to RFQs.
RFQ Scanner
Display all necessary information in a compact pop-out extension of the RFQ Manager.
Blotter
Streamline post-trade processes management in a centralized tool.
Settlement Instructions Management
Easily manage settlement instructions for efficient post-trade processes.
DATA
Cicada Vision
Cicada Vision and Cicada Data form an exceptional duo of tools that empower you to gain a profound understanding of the market.
With their combined capabilities, you'll unlock unparalleled insights and uncover hidden opportunities, propelling your understanding of market dynamics to new heights
Historic Prices
Gain valuable insights into the historical performance of any of our securities.
Curve Plotter
Effortlessly compare rates and analyze changes in the sovereign curve over time.
Spread Analysis
Easily compare yields and spread between two bonds over adjustable time ranges.
Relative Value Matrix
Quickly identify trading opportunities by comparing yield differentials.
Pricing
Transparent and straightforward pricing
Cicada ensures competitive, disclosed and fair pricing.
Getting Started
Getting started with Cicada is seamless
After completing the onboarding process, our team will guide you on leveraging the best out of Cicada. Plus, our platform is entirely web-based, meaning there's nothing to install.
Request a Demo
Ready to experience the power of Cicada firsthand?
Request a demo and let us show you how Cicada can revolutionize your trading operations.
Book a demo