Xtrakter, a leading provider of capital market data, and S&P Capital IQ, a leading provider of multi-asset class data, research and analytics, today announce that S&P Capital IQ clients can now access Xtrakter's industry leading mark-to-market securities pricing service, known as XM2M.
Under the agreement, S&P Capital IQ can now offer its customers access to comprehensive daily pricing data on over 45,000 domestic and international fixed-income instruments, including illiquid instruments such as asset-backed securities. The XM2M pricing service incorporates daily reported trade data, and bid and offer quotes from over 100 sources.
S&P Capital IQ will add Xtrakter's data to its existing valuation and pricing portfolio to provide customers with transparent trade prices and market quotes alongside its evaluated prices and model valuations. The comprehensive offering is to be made available via S&P Capital IQ's Valuation and Data Transparency web portal, as well as through plug-in and data feed services.
"By extending our offering with Xtrakter's XM2M, we continue to deliver transparency and context to the valuation and pricing processes for our clients," said Peter Jones, Senior Director at S&P Capital IQ. "Combining daily trade prices and quotes into our offering assists pricing, accounting and investment professionals, as well as risk managers, to better distinguish between price and valuation risk, and market and credit risk. It also provides insight into the underlying drivers of security and issuer risk."
"A key factor in our clients' work is the ability to perform in-depth analysis with accurate and timely market data. In that respect, we see great value and compelling logic in working with Xtrakter and tapping into their rich supply of comprehensive bond market trade and quote data," added Peter Jones.
Yannic Weber, Chief Executive Officer of Xtrakter, added: "The breadth of Xtrakter's securities coverage, ease of access and proven track record of accuracy are hard to match. We look forward to supporting S&P Capital IQ by providing the fullest range of securities data."