TP ICAP Launches Bond Pricing Service

Canadian Bonds Move Toward E-Trading

TP ICAP, the world’s largest interdealer broker, announces that its Data & Analytics division has launched its first-ever set of Evaluated Price solutions focused on Fixed Income securities.  Labelled Bond Evaluated Price, this original service helps financial institutions with exposure to government, corporate or supranational bond risk to run internal market risk tasks and comply with regulatory requirements.

The new service provides accurate and transparent pricing of fixed income instruments. Bond Evaluated Price achieves this by using all available bond transactions from across the TP ICAP group and a proprietary model to offer clients more granular information than just the price of a bond at one point in time.  Each snapshot includes analytics that enable the client to gain insight into the market microstructure, with clear rules setting out when and what data is taken into account and specific rules for the treatment of illiquid instruments. The methodology will be carefully documented and made available to clients and prospects.

Clients benefit from transparency on the price formation process, and greater choice on how to access the data, be it via cloud, web interface, enterprise file delivery or API.

Eric Sinclair, CEO, Data & Analytics, TP ICAP, commented: “Clients tell us that meaningful transparency in fixed income pricing is critical as global regulators increasingly require more detailed disclosure and stricter risk management.  Responding to this need, Bond Evaluated Price is an original solution that augments transparency and helps clients to meet their priorities, whether that be quality, consistency or independence.”

Source: TP ICAP

Related articles

  1. This increases the number of trade inquiries that traders can respond to without their intervention.

  2. Less than 3% tax-free fixed coupon U.S. municipal bonds trade on a daily basis, impacting price discovery.

  3. Trading Europe From ‘Across the Pond’

    The faster set up of new bonds means clients can service early secondary execution more quickly.

  4. Tokenization of bonds is one of the initiatives financial institutions are most eager to pursue.

  5. BlackRock estimates bond ETFs will reach $5 trillion in assets by the end of the decade.