PGGM joins Glimpse Markets

Dan Barnes

Dutch asset manager PGGM has joined buy-side bond data sharing platform Glimpse Markets.

“I’m delighted to welcome PGGM to the Glimpse data sharing network for corporates and emerging markets,” says Paul O’Brien, CEO of Glimpse. ”The addition of PGGM brings us one step closer to launch. It will be an exciting few months ahead as we on-board our remaining founding member firms and take the platform to market.”

O’Brien notes the business is pushing closer to launch and finalising legal agreements with its founder members,

At present it expects to launch towards the end of this year with 10-15 asset managers onboarded. The firm currently offers no membership fees for buy-side, and payment to buy-side firms for the data they contribute to the platform on a pro-rata basis, according to the number of trades and total volume contributed.

The model represents a change to many existing platforms which aggregate data and then charge buy- and sell-side firms for the output.

©Markets Media Europe, 2021