Evolutionary market dynamics, such as the transition from voice to electronic markets, reduced inventory levels due to regulatory concerns, and the continued focus on price transparency in the fixed income market, are changing trading protocols on both the buy and sell side. We're helping our clients adjust to changing dynamics by providing continuous, independent evaluated pricing to front, middle and back offices, extending the reach of fixed income end-of-day evaluations into intraday applications. Continuous evaluated pricing helps create:
As a leading provider of evaluated pricing and related services, we're uniquely positioned to deliver this ground-breaking service. Our innovative approach combines both system and human analyses to generate a continuous stream of fixed income evaluations that processes and incorporates market data throughout the day.
Our approach is rooted in the judgment and expertise of our evaluation team and does not rely solely on black box models.
Here’s how continuous evaluated pricing is performed:
|Agencies||Corporate Bonds- IG||Corporate Bonds - IG|
|Corporate Bonds (IG & HY)||Corporate Bonds - HY||Corporate Bonds - HY|
|TBA Mortgages||Emerging Markets||Money Markets|
|MBS Pass-throughs||Money Markets|
The sporadic nature of trading activity for all but the most liquid bonds in the most liquid asset classes makes it difficult to assemble the right package of comparable trades around which to build out tools for assessing execution quality. At ICE Data Services, we’ve developed new tools that leverage our Continuous Evaluated Prices to provide a basis for the measurement of Best Execution. These tools can be used by traders, portfolio managers and compliance officers to more closely monitor trading activities across the growing number of venues and protocols.Explore Tools for Assessing Best Execution
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