15 December 2017
visit www.ebaday.com

SIX introduces market quality metrics for Bonds

01 November 2012  |  1850 views  |  0 Source: SIX Swiss Exchange

After SIX Swiss Exchange successfully introduced Market Quality Metrics® (MQM) in ETFs and ETPs and so made it possible to check pre-trade data, MQM is now being rolled out for bonds that are traded on SIX Swiss Exchange.

Thanks to MQM in bonds all market participants can now view and analyze the historical availability of quotes (i.e. the highest bid prices/lowest ask prices), the daily average spreads (bid/ask spreads) as well as the average size of offered rates on both sides of the order book.
Valuable tool for analyzing quotes and spreads

These data are freely available from the SIX Swiss Exchange website or all market participants and - in addition to market data and bond details, for example - are shown individually for each bond. Furthermore, the data can be downloadedretrospectively as an Excel file and analyzed.

Ueli Goldener, Head Fixed Income Product Management at SIX Swiss Exchange, commented: "With MQM in bonds, market participants gain a valuable tool that can be used to analyze quotes and spreads together with their availability. In particular, the analysis tool will further benefit order book trading via SIX Swiss Exchange."

Today, over 85% of all CHF bond transactions are already traded via the order books of SIX Swiss Exchange. This is mainly a result of the high availability of market maker quotes, which guarantee that prices can be set continually. TheBonds Quarterly Statistics report contains more information on the performance of the bond segment.
Reliable and neutral information

One of SIX Swiss Exchange's main objectives is to ensure an optimum level of transparency. In addition to Market Quality Metrics, the free-of-charge online tools ELM and Intraday Activity were launched; ELM provides an overview of liquidity levels in the entire investment universe of the SPI®, while Intraday Activity shows the development of intraday turnover onSIX Swiss Exchange and Scoach Switzerland.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.solutions.lexisnexis.comvisit www.atos.netvisit www.niceactimize.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
10041 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
9455 views comments | 17 tweets | 36 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
6887 views comments | 19 tweets | 20 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6267 views 0 | 4 tweets | 2 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
5810 views comments | 5 tweets | 26 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job