Propellant Digital is adding TRACE data to its global fixed income data platform, increasing its coverage of US and European bond and derivative data.
Vincent Grandjean, Propellant’s founder and CEO, commented, “Our product has been shaped by feedback from trading desks and real-world workflows, it is now mature and delivers direct proven value. On the back of client feedback, we have extended US coverage, bringing TRACE and CFTC transparency into the same model so traders can analyse liquidity and execution consistently on both sides of the Atlantic.”
The platform connects firms to multiple transparency venues, normalising data and distributing it via FIX streaming, REST, API, SFTP Batch or Propellant web GUI.
Propellant added FIX data streaming to its platform earlier this year in anticipation of the consolidated tape go-live.
READ MORE: Propellant prepares for CT with data streaming expansion
Analysis is available on both an end-of-day and intraday basis, which Propellant says will assist clients with their price discovery, TCA and liquidity insights.
Data can be streamed on a real-time or delayed basis, dependent on clients’ use-cases and budgets, Propellant noted.
“Teams shouldn’t have to stitch ten sources together before they can even start their analysis. Propellant provides the connectivity and processing technology to make fragmented transparency data usable out of the box, clients retain control over how and where they deploy it,” Grandjean added.
US and European bonds are covered by the service, with data gathered from public and regulated sources.
A multi-asset integration layer covers MiFID bond transparency requirements and CFTC Part 43 reporting, which requires the public dissemination of certain swap transactions and pricing data.
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