Traders looking for up-to-date pricing for multiple bond classes need look no further.
Interactive Data, a provider of independent pricing and reference data services, announced the launch of its continuous fixed income evaluated pricing service. This service allows Interactive Data to provide constant bond pricing to traders looking to execute at true market prices, not at end-of-day and/or intra-day “snapshot” pricing.
The new pricing service covers the following fixed-income bond classes: U.S. Treasuries, U.S. Agencies, TBA Mortgage-Backed Securities, Mortgage-Backed Securities Pass-throughs and U.S. Corporate Bonds. In the coming months, pricing will begin for Money Markets, European Sovereigns & Credit, AsiaPac Sovereigns & Credit and Municipal Bonds.
This breadth of coverage, in addition to its extensive global team of 200 evaluators responding to pricing inputs in real time, means traders can achieve a higher degree of price discovery and best execution.
“We are extremely excited to launch our continuous evaluated pricing service,” said Andrew Hausman, President, Pricing & Reference Data for Interactive Data. “The global fixed income markets continue to evolve and we see a tremendous opportunity to provide a true enterprise-wide pricing solution that provides the front office with support for pre-trade transparency and investment analysis. We also see benefits for our clients’ risk, compliance and trade processing operations, as they look to adapt to more intraday processes, fundamental market structure changes and new regulatory requirements.”
The streaming evaluated pricing via three delivery options: via a FIX market data feed; via Vantage, ID’s web based fixed income transparency application; and through its Apex reference data product.
