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Interactive Data to provide evaluated pricing data to Liquidnet's fixed income dark pool

First Published 10th June 2015

Continuous fixed income evaluated pricing to provide Liquidnet's platform participants with pre-trade transparency and best execution analysis.

New York - Interactive Data has announced that it will provide Liquidnet, the institutional trading network, with continuous evaluated pricing to help its fixed income trading platform participants meet their price discovery and best execution objectives. Liquidnet will soon launch the first dark pool for corporate bonds.

Interactive Data will provide streaming evaluated prices, via a FIX feed, for high-yield and investment-grade US and European corporate bonds for Liquidnet's fixed-income trading platform. The data will be available to help Liquidnet clients perform transaction cost and best execution analyses for their trades.

"Our goal is to give our clients the ability to access pre-trade price data with the press of a button. This is essential in facilitating liquidity exchange in a negotiated liquidity pool," commented Constantinos Antoniades, head of Fixed Income at Liquidnet. "Participants in our corporate bond dark pool will be able to use Interactive Data's continuous evaluated pricing as a reference point for their dark pool trade negotiations. The data will also be incorporated into the platform's best price execution calculations giving participants the ability to create an audit trail so that they can better achieve and document best execution and transaction cost analysis."

Andrew Hausman, President of Pricing and Reference Data at Interactive Data said: "Continuous fixed income evaluated pricing can help firms to understand how their trades compare to the market across a number of variables, such as size, maturity, credit quality, and counterparty. Helping clients perform best execution and transaction cost analysis and reporting is an important focus for us right now, as the market has been challenged to meet the expectations of regulators in this area."