Tullett Prebon Information (TPI), leading provider of independent real-time price information from the global over-the-counter financial and commodity markets, has announced it will now be providing Thomson Reuters with Chinese bond data.
Tullett Prebon, one of the world's largest inter-dealer brokers, will source the data from TP Sitico, a joint venture established between Tullett Prebon and Shanghai International Trust Co., Ltd, a member of the state-owned enterprise Shanghai International Group.
The service is comprehensive, providing real-time prices for several hundred instruments and enabling indicative end-of-day pricing for around 1900 bonds. It covers a substantial portion of the traded market, including Government Bonds, PBOC Bills, Corporate Commercial Paper and Medium Term Notes, Policy Bank Bonds and Notes, and Enterprise Bonds.
The recently launched service - the first of its kind for the international community - will give investors an edge when participating in the world's fourth largest debt market. TPI's dataset promises to inject transparency through the provision of accurate, independent and reliable pricing and price curves. In addition to the onshore bond data, TPI will also be providing Thomson Reuters with data for over 300 offshore CNH Dim Sum Bonds, sourced from Tullett Prebon's brokerage operation in Hong Kong.
Commenting on the deal, David Liu, Managing Director, Financial & Risk, Thomson Reuters, China, said:
"China's bond market has seen significant developments in recent years. As a strategic partner of Tullett Prebon, Thomson Reuters is proud to help domestic and international market participants make better informed trading decisions, as well as to facilitate market participation and liquidity."
Frank Desmond, Managing Director, Tullett Prebon Information added:
"Over the past 20 years the Chinese bond market has grown to become the 4th largest in the world with a value outstanding of CNY 22.6 tn (USD 3.77tn)[i]. Further growth is expected, particularly in relation to corporate bonds, as the Chinese Government encourages the growth of a domestic bond market diversifying credit risk away from the banking system. This growth will be accompanied by a demand for higher standards of transparency and our Chinese Bond service represents an important step in meeting that demand.
Commenting further, Andrew Reeve, Head of Asia Pacific, Middle East and Africa at Tullett Prebon Information, said:
"The fact that we are seeing demand for Chinese bond data from a premier international financial data vendor is indicative of the shifting global economic landscape. By shining a light on certain corners of the global financial markets we can help customers capitalise on this shift."