Reuters agrees BondTicker distribution deal with MarketAxess
20 April 2004 | 4619 views | 0
Reuters has struck a deal with multi-dealer fixed income platform MarketAxess to distribute its BondTicker pricing service.
BondTicker provides real-time access to trade time and sales information including execution prices and MarketAxess estimated spread-to-treasuries data for publicly disseminated NASD Trace-eligible bonds. It also offers execution prices and spread-to-treasury levels for trades executed on MarketAxess and a database of historical bond spreads, yields and prices.
The distribution deal comes just weeks after Thomson signalled its intent to challenge Bloomberg's doiminance in fixed income by outbidding Reuters to buy MarketAxess rival TradeWeb.
Glenn Wright, VP, fixed income business manager, Reuters America, says: "We continue to receive strong demand for credit-related transactional data from our install base, both fixed income market-making institutions and their customers around the world."