The Karn Group

Fixed Income
Trading Technology

Providing Technological Solutions to Your Trading Challenges

TKG has automated the analysis of the fixed income markets to increase the efficency and profiability of traders and brokers. Our systems deliver the informational and speed advantages needed for success. TKG’s technology leverages your expertise and frees you from time consuming tasks." TKG pricing services utilize realtime last trade reports from the MSRB and FINRA TRACE data feeds and bids and offers streamed from the ATS markets. Our prices are designed for trading and capture the pricing impact of near term supply and demand, yield curve shifts and other market dislocations.

Keeping Up With the Electronic Marketplace

TKG delivers automated real-time pricing and calculation of bids for the municipal and credit markets.

The electronic marketplace has created a flood of market data and RFQs that are challenging to manage without automation. TKG seeks to empower trading firms by providing cost-effective automation technology.

Automated Analysis of Market Activity

Our real-time analysis of municipal and credit market activity, term structure and spreads empowers traders and broker.

TKG’s Market Intelligence platform increases your efficiency in analyzing market activity. Our automatic generation of yield curves within defined market sectors lets you price faster and with greater confidence.


How are customers supported?

A subject matter expert is assigned as your primary support. In addition, you will have access to alternative support staff to ensure you can always get immediate support when needed. You will be provided with the email addresses and telephone numbers of all support personnel.

How is implementation managed?

A subject matter expert will lead your implementation. Experts in business requirements, data analysis and security will be involved at the appropriate stage to ensure a smooth and satisfactory experience.

How does TKG maintain data security?

Your data is secured both at rest and in transit. Data at rest is encrypted using either PGP, GPG or PKA. Data is transmitted to TKG using SFTP, SSH Web Services, VPN and dedicated telecommunications connections. TKG accepts fixed and delimited files, XML messages and FIX messages.

Does TKG support Single Sign On (SSO)?

TKG supports SSO with Security Assertion Markup Language (SAML) protocol. We can also implement custom SSO solutions to client specifications.

How is access managed and workflow documented?

TKG’s comprehensive entitlement system allows customers to control access to review and approve data and exceptions. In addition, all actions and entries are logged and automatically archived.

Can the system be customized?

Users can customize system parameters through the user interface. TKG can implement additional rules and features during system setup or later on an ad hoc basis.

What market data is used by the system?

TKG sources security master information, MSRB and FINRA reported last prints (municipal, corporate, agency bonds and structured products), ATS RFQs, offerings and situational bids, broker’s broker bids and bid stacks and US Government Bond prices.

What customer data file formats does TKG accept?

TKG recommends customers format data according to our file specification. Alternatively, TKG accepts a broad range of file formats from third parties, order management systems, clearing firms and customer internal systems.