S&P International Marketplace Intelligence (SPGMI) and MarketAxess have introduced a strategic information partnership aiming to extend transparency and potency for the fastened source of revenue markets.
Laura Misher, Kat Sweeney
As a part of the partnership, S&P International bond reference information will likely be built-in into MarketAxess’ suite of knowledge merchandise, whilst MarketAxess CP+ real-time pricing may also be incorporated into S&P International’s evaluated bond pricing.
MarketAxess CP+ is a real-time bond pricing supply for world credit score, charges and rising markets powered via AI and proprietary information. The supply is utilized by shoppers for value discovery, transaction price research, and automatic buying and selling methods.
The mix of S&P International’s evaluated bond pricing of over 1.2 million company, sovereign and municipal bonds with MarketAxess CP+ is anticipated to result in extra constant pricing and larger efficiencies around the industry lifecycle together with front-, middle- and back-office purposes.
“We’re fascinated by this collaboration because it connects a market-leading institutional buying and selling platform with a number one information supplier, bringing transparency and consistency in information used around the other purposes of our shoppers,” mentioned Laura Misher, vice chairman at SPGMI.
“Moreover, our mixed experience will let us expand answers that may deal with buyer demanding situations around the industry lifecycle.”
The knowledge integration is anticipated to begin in H1 of 2025, enabling the firms to distinguish their present product choices and innovate new answers.
The improvement follows Intercontinental Change’s ICE Bonds and MarketAxess connecting their respective liquidity networks in a bid to beef up potency and get entry to to deeper liquidity in fastened source of revenue markets, introduced in August.
Learn extra: ICE Bonds and MarketAxess attach liquidity networks to reinforce bond marketplace potency
“Incorporating CP+ into S&P International evaluated bond pricing carrier will allow our corporations to near the gaps between highest execution, intraday buying and selling choices and end-of-day valuation,” mentioned Kat Sweeney, world head of knowledge and ETF answers at MarketAxess.
“We’re delighted to be operating with S&P International Marketplace Intelligence, an innovator throughout all of the fastened source of revenue ecosystem, to additional our commonplace function of bringing extra transparency to the fastened source of revenue money and ETF markets.”
www.thetradenews.com
