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- Information services
- NEW - XVOL OTC liquidity service
- NEW - XREF Fixed income reference data service
- XNAV - Net asset valuation service
- XM2M - Mark to market valuation service
- XBIS Buyside information services
- Fixed income indices
- Reference data
- Fixed income price service
- Fixed income issuance terms & conditions
- Fixed income prospectuses
- Fixed income dynamic data
- Retail investor bond pricing service
- Service updates
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Xtrakter provides a wide range of pricing and data solutions for capital market firms. If you would like more information about our services contact our sales team by completing our online contact form.
The Xtrakter Price Service is able to provide an invaluable combination of traded price information and bid and offer quotes, offering the complete picture on up to 12,000 international securities and internationally-traded government bonds. The service is updated and released every business day after 9pm UK time. The information may be manipulated within users' own price models, portfolio tracking mechanisms and other data applications, rendering it an invaluable source of data for dealer mark-to-market, research and portfolio valuation purposes.
Price information
The data for the fixed income price service is derived from two sources:
First, bid and offer quotes are supplied by over 30 investment banks. At the end of each working day, their closing bid and offer quotes for more than 9,000 international securities are sent to Xtrakter, where they are validated and processed to provide an average bid and an average offer quote for each security.
Second, the service provides the high, low and average prices of available securities, calculated from trades entered that day through TRAX, Xtrakters trade matching and regulatory reporting system. Currently used by some 200 participants to match trades conducted in the over-the-counter market for international securities, 104 million trade entries are input into TRAX in 2007.
- straight bonds
- floating rate notes (FRNs)
- warrants
- convertibles
- internationally traded European government bonds
- US Treasuries
- Japanese government bonds (JGBs)
- strips and global depository receipts (GDRs)
For customers requiring only quoted prices, it is possible to subscribe to this service separately.
Volume information
This service gives an average daily volume figure for each security derived from the TRAX trade input for the previous month. The number may vary considerably, normally between 20,000-30,000, depending on trading conditions. Over 22,000 securities were included in June 2008. This data gives a good indication of the liquidity of a specific security especially when viewed over a period of time. Dealers may wish to use volume figures to estimate their own market share
Delivery
The current daily file is downloadable at the end of the business day and contains over 12,000 priced securities. Although the prices are indicative they are used by dealers to revalue their books (‘mark to market’) and by many other institutions for portfolio valuation purposes where current trade prices especially in illiquid issues are not available.
To obtain more information about fixed income price service or other Xtrakter products simply complete our online contact form.