MarketAxess has launched a consolidated tape for bond markets, a few days before the official UK tape goes live.
The TraX Tape will provide a standardised feed, built on TraX data and enriched with real-time insights and analytics including the directorial indicator of each trade and pricing context from MarketAxess’ CP+ pricing engine.
Dean Berry, group COO and CEO of EMEA and APAC at MarketAxess, commented, “Market participants have more data than ever but turning that data into actionable insight remains a challenge. TraX Tape is designed to deliver a clearer and more complete view of market activity, helping clients make more informed trading decisions.”
The UK’s consolidated tape for bonds is set to go live on Monday.
Berry noted, “The consolidated tape will bring increased transparency and standardisation to global bond markets. TraX Tape builds upon that foundation and brings clarity with contextual intelligence.”
Elsewhere, Propellant Digital and TransFICC have joined forces to offer a consolidated data service.
READ MORE: Propellant, TransFICC launch consolidated data service
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