FT Interactive Data and MarketAxess are combining forces to offer an intra-day view of the corporate bond market. MarketAxess Corporation is an electronic, multi-dealer to client platform for US and European high-grade corporate and emerging markets bond trading, today announced they have entered into an agreement to distribute corporate bond information to clients.
Interactive Data Corporation’s major operating subsidiary, FT Interactive Data, will distribute MarketAxess’ Corporate BondTicker data, which includes execution prices and MarketAxess estimated spread-to-Treasuries data for publicly-disseminated NASD TRACE-eligible bonds, execution prices for trades executed on MarketAxess, and a comprehensive database of historical bond spreads, yields and prices. In addition, MarketAxess will now provide FT Interactive Data’s corporate bond evaluations and historical data through BondTicker.
“Our alliance with MarketAxess complements our independent evaluation process by providing us with insight into a broader view of corporate bond activity and market context from one of the industry’s leading fixed income trading platforms,” says Martin Williams, Vice President of Data Delivery Products for FT Interactive Data. “We believe this additional service will provide FT Interactive Data clients with enhanced transparency into the corporate bond market.”
“MarketAxess is pleased to enter into an agreement with one of the leading providers of independent evaluation services for corporate bonds,” adds Richard Schiffman, Head of Information Services for MarketAxess. “Combining FT Interactive Data’s evaluation services with BondTicker’s real-time price data will provide participants in the $4 trillion corporate bond market with a superior set of data for analyzing historical and real time pricing trends in the corporate bond market.”