Markit to Distribute Eurobond Data
September 17, 2012
Markit said it will distribute reference data from Euroclear Bank on more than 200,000 Eurobonds.
Direct access to Euroclear reference data will give market participants better information within daily trading sessions, the financial information services provider said.
The data services company said it will cross-reference the Euroclear data on the bonds against its own entity and industry sector identifiers, and additional identifiers.
Armins Rusis, Managing Director and Co-Head of Information at Markit, said: “By combining Euroclear Bank’s extensive data set with our expertise in aggregating, validating and distributing complex information, we will be able to deliver comprehensive and timely solutions for the Eurobond market. This underpins our goal to bring greater transparency and efficiency to the global financial markets.”
“While Euroclear Bank’s clients will continue to have access to all data directly from Euroclear Bank, we believe our global distribution partnership with Markit will provide unique added value to Eurobond issuers and investors alike,” Pierre Slechten, Managing Director and Chief Operating Officer at Euroclear Bank, said.
Euroclear Bank provides issuer details, currency and maturity - as well as income and corporate action information - including coupon rates, bondholder meeting dates and payment dates. The Eurobond market is estimated at 8 trillione euros.
Markit’s reference data products include Markit RED, an entity and obligation database for the credit default swap market.
The Eurobond data service should be available before the end of the year.