Xtrakter, a leading provider of capital market data, trade matching and regulatory reporting services, welcomes SIX Telekurs as the first data vendor to access Xtrakter's Mark-to-Market valuation service, known as XM2M. SIX Telekurs clients now have pricing data on over 45,000 domestic and international fixed-income instruments, including illiquid instruments such as asset-backed securities. Bid and offer, as well as high, low and median traded prices, captured and calculated via TRAX – Xtrakter's trade matching service – significantly expands the quality of fixed-income data available to market participants.
Xtrakter, part of the Euroclear group since 2009, launched XM2M in the same year (an expansion of the "Xtrakter Price Service – Quoted and Traded") and has been making data available to its own direct customers ever since. Clients benefit from high levels of data granularity, for example, access to traded and quoted pricing, date of last bid/offer, issuer nationality, quotation price contributors, and so forth, from a database of over 300,000 securities.
Yannic Weber, Chief Executive Officer of Xtrakter, commented: "For the first time, Xtrakter is providing user-friendly, pricing detail from XM2M to a world-class information provider. As a core part of the capital market infrastructure, we strongly advocate the possibility for clients to choose how they receive their data – directly, or indirectly using one of their existing service providers. Together with SIX Telekurs, we are providing a bespoke offering of data for consumption by both the buy- and sell-side, worldwide."
"We are very pleased to participate in this collaboration to build on our strengthening position in the global fixed-income market space," explained Ivo Bieri, Head of Product Management & Marketing, SIX Telekurs. The collaboration brings a large volume of dealer-traded and quoted prices, sourced directly from a broad survey of market participants, into SIX Telekurs' data environment. "We can now deliver a unique view of the European fixed-income market in a format that precisely matches our clients' information landscape," he added.
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About Xtrakter
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. It has 300 clients worldwide and processes 2 million transactions daily.
In 2010, Xtrakter processed 850 million transactions (up 47% compared to 2009) 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, and reference data population updates.
About SIX Telekurs
As a leader in its field, SIX Telekurs specialises in procuring, processing and distributing international financial information. Financial market specialists at SIX Telekurs gather information from all the world's major trading venues – directly and in real-time. The SIX Telekurs database with its structured and encoded securities administration data for over 7 million financial instruments is unique in terms of its depth of information and data coverage. With offices in 23 countries, SIX Telekurs combines the advantages of global presence and local know-how.
SIX Telekurs is a SIX Group company. On a global scale, SIX Group offers first-rate services in the areas of securities trading, clearing and settlement, as well as financial market information and payment transactions.
Further information is available at www.six-telekurs.com
About Euroclear
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 526 trillion in securities transactions in 2010, representing 150 million domestic and cross-border transactions, and held nearly EUR 22 trillion in assets for clients.
Further information is available at www.euroclear.com