Euroclear's Xtrackter and SIX Telekurs agree pricing data expansion
17 May 2011 London
Image: Shutterstock
Xtrakter, has welcomed SIX Telekurs as the first data vendor to access the Mark-to-Market valuation service, known as XM2M. SIX Telekurs clients now have pricing data on over 45,000 domestic and international fixed-income instruments, including illiquid instruments such as asset-backed securities. Bid and offer, as well as high, low and median traded prices, captured and calculated via TRAX – Xtrakter’s trade matching service – significantly
expands the quality of fixed-income data available to market participants.
Xtraker, part of the Euroclear group since 2009, launched XM2M in the same
year (an expansion of the “Xtrakter Price Service – Quoted and Traded”) and
has been making data available to its own direct customers ever since.
Clients benefit from high levels of data granularity, for example, access
to traded and quoted pricing, date of last bid/offer, issuer nationality,
quotation price contributors, and so forth, from a database of over 300,000
securities.
Yannic Weber, Chief Executive Officer of Xtrakter, commented: “For the
first time, Xtrakter is providing user-friendly, pricing detail from XM2M
to a world-class information provider. As a core part of the capital market
infrastructure, we strongly advocate the possibility for clients to choose
how they receive their data – directly, or indirectly using one of their
existing service providers. Together with SIX Telekurs, we are providing a
bespoke offering of data for consumption by both the buy- and sell-side,
worldwide.”
“We are very pleased to participate in this collaboration to build on our
strengthening position in the global fixed-income market space,” explained
Ivo Bieri, Head of Product Management & Marketing, SIX Telekurs. The
collaboration brings a large volume of dealer-traded and quoted prices,
sourced directly from a broad survey of market participants, into SIX
Telekurs’ data environment. “We can now deliver a unique view of the
European fixed-income market in a format that precisely matches our
clients’ information landscape,” he added.
expands the quality of fixed-income data available to market participants.
Xtraker, part of the Euroclear group since 2009, launched XM2M in the same
year (an expansion of the “Xtrakter Price Service – Quoted and Traded”) and
has been making data available to its own direct customers ever since.
Clients benefit from high levels of data granularity, for example, access
to traded and quoted pricing, date of last bid/offer, issuer nationality,
quotation price contributors, and so forth, from a database of over 300,000
securities.
Yannic Weber, Chief Executive Officer of Xtrakter, commented: “For the
first time, Xtrakter is providing user-friendly, pricing detail from XM2M
to a world-class information provider. As a core part of the capital market
infrastructure, we strongly advocate the possibility for clients to choose
how they receive their data – directly, or indirectly using one of their
existing service providers. Together with SIX Telekurs, we are providing a
bespoke offering of data for consumption by both the buy- and sell-side,
worldwide.”
“We are very pleased to participate in this collaboration to build on our
strengthening position in the global fixed-income market space,” explained
Ivo Bieri, Head of Product Management & Marketing, SIX Telekurs. The
collaboration brings a large volume of dealer-traded and quoted prices,
sourced directly from a broad survey of market participants, into SIX
Telekurs’ data environment. “We can now deliver a unique view of the
European fixed-income market in a format that precisely matches our
clients’ information landscape,” he added.
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