Bond evaluations from Interactive Datas Pricing and Reference Data business will be distributed via Deutsche Boerse to financial institutions throughout Germany.
Deutsche Boerse offers a wide range of market and reference data services to institutional clients and vendors. By adding Interactive Datas bond evaluations, Deutsche Boerses clients will now be able to request evaluations for specific securities in their portfolios via the WSS (Wertpapier Service System) File Service, a securities information service for the back office. Interactive Data will then return the evaluations to clients through Deutsche Boerses WSS.
Interactive Data is an independent provider of daily evaluations for fixed income securities. With over 30 years of experience, Interactive Data offers daily evaluations for approximately 2.5 million fixed income and international equity issues.
Over 5,000 financial institutions worldwide, ranging from central banks to large investment banks, subscribe to Interactive Datas bond evaluations. The valuations include corporates, high yields, governments and agencies, securitised debt issues, ABS, CMBS and CMOs, US municipal securities, hybrid securities and money market securities.
“The bond evaluations from Interactive Data will be an important additional service via WSS. Deutsche Brse offers reference, corporate actions and pricing data on more than 400,000 securities listed in Germany and abroad. The information is supplied once every trading day in processed, machine-readable form or made available via the Internet as a download,” says Holger Wohlenberg, managing director, Market Data & Analytics, Deutsche Boerse
“We are very pleased to offer our evaluated services to Deutsche Boerses clients. With increased regulation and the volatility in the financial markets, firms are focused on the need to have a firm grasp on the value of their holdings especially thinly traded fixed income securities. Our teams of experienced evaluators incorporate the available transaction data, credit quality information and any apparent market movements into the evaluated pricing applications and models. We place emphasis on building relationships with a broad range of market sources that can offer insight into market activity,” adds Roger Sargeant, managing director, Interactive Data (Europe) Ltd.