Xtrakter, a leading provider of capital market data, and S&P Capital IQ, a leading provider of multi-asset class data, research and analytics, today announce that S&P Capital IQ clients can now access Xtrakter's industry leading mark-to-market securities pricing service, known as XM2M.
Under the agreement, S&P Capital IQ can now offer its customers access to comprehensive daily pricing data on over 45,000 domestic and international fixed-income instruments, including illiquid instruments such as asset-backed securities. The XM2M pricing service incorporates daily reported trade data, and bid and offer quotes from over 100 sources.
S&P Capital IQ will add Xtrakter's data to its existing valuation and pricing portfolio to provide customers with transparent trade prices and market quotes alongside its evaluated prices and model valuations. The comprehensive offering is to be made available via S&P Capital IQ's Valuation and Data Transparency web portal, as well as through plug-in and data feed services.
"By extending our offering with Xtrakter's XM2M, we continue to deliver transparency and context to the valuation and pricing processes for our clients," said Peter Jones, Senior Director at S&P Capital IQ. "Combining daily trade prices and quotes into our offering assists pricing, accounting and investment professionals, as well as risk managers, to better distinguish between price and valuation risk, and market and credit risk. It also provides insight into the underlying drivers of security and issuer risk."
"A key factor in our clients' work is the ability to perform in-depth analysis with accurate and timely market data. In that respect, we see great value and compelling logic in working with Xtrakter and tapping into their rich supply of comprehensive bond market trade and quote data," added Peter Jones.
Yannic Weber, Chief Executive Officer of Xtrakter, added: "The breadth of Xtrakter's securities coverage, ease of access and proven track record of accuracy are hard to match. We look forward to supporting S&P Capital IQ by providing the fullest range of securities data."
Note to Editors:
Euroclear is the world's largest provider of domestic and cross-border settlement and related services for bond, equity, derivatives and fund transactions. Market owned and market governed, the Euroclear group includes Euroclear Bank, based in Brussels, as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden and Euroclear UK & Ireland. The Euroclear group settled the equivalent of EUR 580 trillion in securities transactions in 2011, representing 163 million domestic and cross-border transactions, and held over EUR 22 trillion in assets for clients. Euroclear Bank is rated AA+ by Fitch Ratings and AA by Standard & Poor's.
Xtrakter is a leading provider of capital market data, trade matching and regulatory reporting services to the global securities market. It has an established track record in providing innovative, secure and reliable solutions to the financial services sector. Xtrakter was established in 1985 and has been part of the Euroclear group of companies since April 2009. In 2011, Xtrakter processed 950 million transactions on behalf of its user community and currently provides regulators, aggregators and end clients with information to assist them in conducting net asset valuations, mark-to-market calculations, fixed-income portfolio mapping, liquidity and volume modelling, as well as reference data population updates.
S&P Capital IQ, a brand of the McGraw-Hill Companies (NYSE:MHP), is a leading provider of multi-asset class data, research and analytics to institutional investors, investment advisors and wealth managers around the world. The company provides a broad suite of capabilities designed to help track performance, generate alpha, identify new trading and investment ideas, and perform risk analysis and mitigation strategies. Through leading desktop solutions such as Capital IQ, Global Credit Portal and MarketScope Advisor desktops; enterprise solutions such as S&P Securities Evaluations, Global Data Solutions, and Compustat; and research offerings including Leveraged Commentary & Data, Valuation & Risk Strategies and S&P Equity Research, S&P Capital IQ sharpens financial intelligence into the wisdom today's investors need.