London and New York - Markit, the provider of financial information services, has announced the launch of live pricing for bonds, a streaming pricing service for investment grade and high yield corporate, sovereign and agency bonds.
This new offering broadly expands Markit's reach in the intraday
bond pricing market.
Markit's new live bond pricing service covers over 35,000 bonds across 40 currencies and delivers more than 250,000 pricing updates per minute. Customers can access improved pre-trade price transparency, intraday asset valuation calculations and best execution analysis.
Kiet Tran, global head of Fixed Income Pricing at Markit, said: "The traditional evaluator only approach is insufficient for real-time bond pricing as markets move much faster than human evaluators. With Markit's live bond pricing, we've applied an innovative, hybrid approach to pricing bonds using a combination of market data, evaluator expertise and a machine driven algorithm."