Thomson Reuters to expand access to Canadian bond market

Source: Thomson Reuters

Thomson Reuters, the world’s leading source of information for businesses and professionals, now offers increased depth of coverage in Canada’s fixed income markets from the electronic bond trading marketplace CBID, operated by Perimeter Markets Inc.

Real time price and yield data from CBID is now available on Thomson Reuters Eikon, the company’s flagship financial markets desktop, providing investors around the world with access to detailed information sourced from Canada’s only live bond marketplace. Customers can also access the market data via Elektron Real Time, a low-latency, consolidated real-time feed that provides normalized, full-tick, depth-of-market data from exchanges around the world in a format that can be easily integrated into proprietary and third party applications.

Investors will enjoy access to more than 3,500 lines of live inventory and depth-of-market data on Government of Canada and federal agency bonds, provincial bonds, municipal bonds, corporate bonds, strip bonds and money markets. Data is based on live executable offerings (not indications of interest) from several of Canada’s leading fixed income broker dealers and includes historical reference data going back to 2002.

“This agreement with Perimeter demonstrates our ongoing commitment to providing sought after services to the Canadian marketplace. Adding CBID enables us to provide authoritative data on Canada’s fixed income markets while opening significant new investment opportunities for both Eikon users and customers using Elektron Real Time from Thomson Reuters at the enterprise level in this important global market,” said Jamie Grant, Thomson Reuters global head of rates for fixed income.

“The unique nature and rapid growth of CBID make it an ideal source of this type of information for individual investors,” said Geoff Eby, president of Perimeter Markets Inc. “Unlike some other bond information sources, whose pricing may be based on indicative levels, the CBID data represents the wholesale prices and yields in Canada’s live fixed income marketplace.”

Perimeter Markets Inc. through its CBID product suite operates Canada’s leading multi-participant electronic bond trading marketplaces, delivering transparency and trading efficiency to various components of the Canadian fixed income industry. CBID brings together the investment dealers, investment counselors, pension fund managers and discount brokerage firms that serve individual Canadian investors. CBID Institutional facilitates electronic and anonymous trading between the country's largest buy and sell side firms and CBID Futures provides institutional traders with direct access to the Montreal Exchange to trade interest rate futures.
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