Deutsche Bӧrse launches Bond Liquidity Data service to increase transparency
10 May 2022 Germany
Image: Hue_Chee_Kong/stock.adobe.com
Deutsche Bӧrse has announced the launch of its Bond Liquidity Data service, which aims to increase transparency in the fixed-income market.
Through this Bond Liquidity Data solution and its post-trade service division Clearstream, Deutsche Bӧrse will offer transparency and insights into the “highly fragmented” fixed-income marketplace, including insights into instrument liquidity and transaction data.
Leveraging aggregated data of settlement instructions for international securities from Clearstream’s international central securities depository (ICSD), the Bond Liquidity Data service will enable investors to evaluate fixed-income assets and portfolios.
In addition, it will measure liquidity and systemic risk of bond issuers and estimate execution prices for secondary trades.
Commenting on the new service, Alireza Dorfard, head of Market Data and Services at Deutsche Börse, says: “European trading in fixed-income instruments is highly fragmented and non-transparent, as most transactions are over the counter and different data is stored with different market participants.
“Our customers have, therefore, a strong demand for high-quality data on fixed-income instrument prices and volumes.”
Guido Wille, head of Eurobonds Business at Clearstream, adds: “As an international central securities depositories, Clearstream processes close to 800,000 new issuances of international securities annually, including the respective settlement and custody.
“Being at the beginning and the end of the fixed-income value chain, we are uniquely positioned to provide comprehensive post-trade data, making the international bond market more transparent and, therefore, more efficient.”
Through this Bond Liquidity Data solution and its post-trade service division Clearstream, Deutsche Bӧrse will offer transparency and insights into the “highly fragmented” fixed-income marketplace, including insights into instrument liquidity and transaction data.
Leveraging aggregated data of settlement instructions for international securities from Clearstream’s international central securities depository (ICSD), the Bond Liquidity Data service will enable investors to evaluate fixed-income assets and portfolios.
In addition, it will measure liquidity and systemic risk of bond issuers and estimate execution prices for secondary trades.
Commenting on the new service, Alireza Dorfard, head of Market Data and Services at Deutsche Börse, says: “European trading in fixed-income instruments is highly fragmented and non-transparent, as most transactions are over the counter and different data is stored with different market participants.
“Our customers have, therefore, a strong demand for high-quality data on fixed-income instrument prices and volumes.”
Guido Wille, head of Eurobonds Business at Clearstream, adds: “As an international central securities depositories, Clearstream processes close to 800,000 new issuances of international securities annually, including the respective settlement and custody.
“Being at the beginning and the end of the fixed-income value chain, we are uniquely positioned to provide comprehensive post-trade data, making the international bond market more transparent and, therefore, more efficient.”
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