S&P Global Market Intelligence, a leading provider of information services and solutions to the global markets, and MarketAxess Holdings, the operator of a leading electronic trading platform for fixed-income securities, announced a strategic data partnership that will result in increased transparency and efficiency for the fixed-income markets.

Core to the partnership will be the integration of S&P Global Bond Reference Data into the MarketAxess suite of data products, and the inclusion of MarketAxess CP+™ real-time pricing into S&P Global’s Evaluated Bond Pricing.

MarketAxess CP+ is a real-time bond pricing source for Global Credit, Rates and Emerging Markets powered by AI and proprietary data, including the company’s global fixed-income trading platform and TraX® data. With two-sided prices delivered every 15 to 60 seconds, clients rely on MarketAxess CP+ for price discovery, transaction cost analysis, and automated trading strategies.

Combining S&P Global’s Evaluated Bond Pricing of over 1.2 million Corporate, Sovereign and Municipal bonds with MarketAxess CP+ is expected to result in more consistent pricing and greater efficiencies across the trade lifecycle including front, middle and back-office functions.

“We are excited about this collaboration as it connects a market-leading institutional trading platform with a leading data provider, bringing transparency and consistency in data used across the different functions of our customers, said Laura Misher, Vice President at S&P Global Market Intelligence. “Additionally, our combined expertise will allow us to develop solutions that will address customer challenges across the trade lifecycle.”

“Incorporating CP+ into S&P Global Evaluated Bond Pricing service will enable our firms to close the gaps between best execution, intraday trading decisions and end-of-day valuation,” said Kat Sweeney, Global Head of Data and ETF Solutions at MarketAxess. “We are thrilled to be working with S&P Global Market Intelligence, an innovator across the entire fixed-income ecosystem, to further our common goal of bringing more transparency to the fixed-income cash and ETF markets.”

The data integration is expected to start in the first half of 2025 and will also enable the two companies to differentiate their existing product offerings and innovate new solutions.

Source: MarketAxess