Eurex Bonds, the electronic trading platform for fixed-income securities, will offer real-time trading data off the trading screen from September 2 2002.
This means that currently tradable prices (best-ask and best-bid price) as well as trading data for completed transactions (last market price) will be made available to a broader audience. The increasing attractiveness of the Eurex Bonds trading platform, as documented by the strong rise in liquidity and turnover, has led to a growing demand for Eurex Bonds price data, according to Eurex. The Eurex Bonds price data are distributed as a separate information product by Deutsche Brse Information Products Division via the CEF (Consolidated Exchange Feed) data distribution system. The subscription to Eurex Bonds data will be free of charge up to and including February 2003.The idea is that Eurex Bonds will enhance the transparency of its platform with this data, and so improve the quality of trading in German government bonds.
In the next step, Eurex Bonds, in cooperation with Deutsche Brse, also wants to offer real-time indices for the first time. These real-time indices will be based on best-bid and best-ask prices as well as the last market prices of the completed trades in fixed-income securities.