Xtrakter and SIX Telekurs team on pricing data

Source: Xtrakter

Xtrakter, a leading provider of capital market data, trade matching and regulatory reporting services, welcomes SIX Telekurs as the first data vendor to access Xtrakter's Mark-to-Market valuation service, known as XM2M.

SIX Telekurs clients now have pricing data on over 45,000 domestic and international fixed-income instruments, including illiquid instruments such as asset-backed securities. Bid and offer, as well as high, low and median traded prices, captured and calculated via TRAX - Xtrakter's trade matching service - significantly expands the quality of fixed-income data available to market participants.

Xtraker, part of the Euroclear group since 2009, launched XM2M in the same year (an expansion of the "Xtrakter Price Service - Quoted and Traded") and has been making data available to its own direct customers ever since. Clients benefit from high levels of data granularity, for example, access to traded and quoted pricing, date of last bid/offer, issuer nationality, quotation price contributors, and so forth, from a database of over 300,000 securities.

Yannic Weber, Chief Executive Officer of Xtrakter, commented: "For the first time, Xtrakter is providing user-friendly, pricing detail from XM2M to a world-class information provider. As a core part of the capital market infrastructure, we strongly advocate the possibility for clients to choose how they receive their data - directly, or indirectly using one of their existing service providers. Together with SIX Telekurs, we are providing a bespoke offering of data for consumption by both the buy- and sell-side, worldwide."

"We are very pleased to participate in this collaboration to build on our strengthening position in the global fixed-income market space," explained Ivo Bieri, Head of Product Management & Marketing, SIX Telekurs. The collaboration brings a large volume of dealer-traded and quoted prices, sourced directly from a broad survey of market participants, into SIX Telekurs' data environment. "We can now deliver a unique view of the European fixed-income market in a format that precisely matches our clients' information landscape," he added.

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