Standard & Poor's launches Web-based service for global bond pricing
19 June 2006 | 1779 views | 0
Source: Standard & Poor's
Standard & Poor's, a leading global provider of independent research, ratings, indices and fixed-income evaluations, today announced the launch of a subscription service that provides clients with Web-based access to Standard & Poor's Securities Evaluations end-of-day (4:00 pm close EST) pricing of more than 2.6 million global securities in all fixed income asset classes. The new service meets the endemic industry need for on-demand access to comprehensive bond pricing information.
Standard & Poor's Web-based service provides three search options for accessing pricing: one-by-one lookup by identifier; file with multiple securities; or search by criteria other than identifier, such as rating, coupon or maturity. Extensive pricing coverage includes U.S. municipal bonds; high yield and high-grade U.S. corporate bonds; U.S. structured securities (CDO, CMO, ABS, MBS, CMBS, CLO); U.S. agencies, treasuries, CDs, and syndicated loans; European bonds (high grade, high yield, sovereigns and floating rate notes); as well as European structured bonds (ABS, MBS, RMBS, CMBS and CMO).
"The traditionally opaque fixed income sector is in the midst of transformational change, brought on in part by advances in technology," notes Frank Ciccotto, Senior Vice President of Standard & Poor's. "With this Web- based offering, we underscore our commitment to helping the industry achieve new levels of efficiency and transparency."
In addition to pricing, the new service provides subscribers with a host of value-added features. These include a bulletin board that offers brief commentary from Standard & Poor's evaluators about securities in the news, significant market developments and events that impact Standard & Poor's clients. Online capability is also offered as part of the service to enable clients to submit questions about a security's price and to receive a response directly from a Standard & Poor's evaluator. Planned enhancements include the ability to download securities pricing lists and to receive alerts about price fluctuations that exceed user-defined tolerances.