Interactive Data evaluated pricing available on MarketAxess data platform

Source: Interactive Data

Interactive Data, a leading provider of fixed-income evaluated pricing, announced that its continuous evaluated pricing is now available on the MarketAxess BondTicker™ data platform, and will soon also be available on MarketAxess’ award-winning electronic credit trading platform, in support of all-to-all Open Trading™.

BondTicker provides real-time FINRA® TRACE® data and European data from MarketAxess subsidiary Trax®, enhanced with MarketAxess trade data and analytical tools. MarketAxess Open Trading connects fixed income market participants in a centralized all-to-all electronic trading marketplace.

Interactive Data’s continuous evaluated pricing was launched in September 2014 against a backdrop of a fast-evolving fixed income market structure characterized by shrinking dealer inventories, reduced liquidity, and a changing broker/dealer landscape. The continued shift to electronic trading platforms requires a supply of independent, high-quality data that allow users to assess quote quality and enhance price discovery, in the absence of traditional protocols. Continuous evaluated pricing facilitates this activity.

“Every day, over 6,000 institutional credit market participants log into MarketAxess to trade corporate bonds and credit derivatives. The addition of Interactive Data’s continuous evaluated pricing to our platform will help improve pre-trade price discovery for U.S. and emerging markets bonds. Our global all-to-all network of Open Trading participants will also benefit from greater insight into a bond’s market value, and can therefore help with their trading decisions”, said Nick Themelis, Chief Information Officer at MarketAxess.

Andrew Hausman, President of Pricing and Reference Data at Interactive Data said: “A continuous stream of fixed income evaluated prices can help promote the growth of electronic trading activity by providing consensus around where value lies, and contribute to pre- and post-trade transparency. This is particularly important in times of market stress. Working with firms like MarketAxess and being part of the next phase of the market’s evolution is a priority for Interactive Data as we continue to expand the use cases for continuous evaluated pricing.”

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