17 August 2017
Find out more

SIX introduces market quality metrics for Bonds

01 November 2012  |  1821 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)
download the paper nowvisit www.worldpaymentsreport.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Coinbase raises $100mCoinbase raises $100m
10226 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9565 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9392 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8404 views comments | 6 tweets | 21 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
7885 views comments | 1 tweets | 2 linkedin