FIXED INCOME

NEX Data establishes US Treasury benchmarks

Benchmarks will create reference price from transactions and orders on the BrokerTec trading platform.

By Hayley McDowell hayley.mcdowell@strategic-i.com November 28, 2017 11:25 AM GMT

NEX Data has launched a series of US Treasury benchmarks in a bid to provide further transparency and pricing information to the market.

The benchmarks will reflect transactions and orders during the 15-minute fixing window on NEX Market’s anonymous dealer-to-dealer electronic trading platform, BrokerTec.

NEX Data said the benchmarks will increase transparency by creating a genuine reference price based on actual trade and order data for the US Treasury market.

Kevin Taylor, managing director of NEX Data, described the BrokerTec fixed income trading platform as the exchange for US Treasuries.

“Combining the platform’s unparalleled repository of data with NEX Data’s technical expertise will ensure that our indices are the most accurate and robust available to the market,” he added.

NEX Group also offers FX Benchmarks via its EBS FX Benchmarks series and administers repo rate indices in Europe for the Dutch, Belgian, German, French, Italian, Spanish and pan-European markets.