Deutsche Börse and Clearstream partner on fixed income data platform

New service will provide analytics and insights into assets and portfolios, liquidity and risk in the fixed income market.  

Deutsche Börse

Deutsche Börse and Clearstream have co-developed a new data service, offering analytics and insights into the fixed income marketplace.  

Called Bond Liquidity Data, the new platform will pull aggregated data of settlement instructions for international securities from Clearstream’s ICSD. Investors will be able to evaluate fixed income asset and portfolios, measure liquidity and systemic risk of bond issuers and estimate execution prices for secondary trades.  

Alireza Dorfard, head of market data and services at Deutsche Börse, noted the fragmented and non-transparent nature of the European fixed income market, with relevant data stored with different market participants. “Our customers have, therefore, a strong demand for high-quality data on fixed-income instrument prices and volumes. With this new offering, we further support them in making an informed assessment and decision,” he said.  

Guido Wille, head of eurobonds business at Clearstream, added: “Clearstream processes close to 800,000 new issuances of international securities annually… Being at the beginning and the end of the fixed income value chain, we are uniquely positioned to provide comprehensive post-trade data, making the international bond market more transparent and thus more efficient.” 

The two organisations evidently recognise data as growth point for their businesses. In March this year, Deutsche Börse acquired data specialist Kneip with a view to forming a fund data hub based in Luxembourg – expanding its range of services, including data and post-trade services provided by Clearstream.  

Speaking at the time, Philippe Seyll, head of investment fund services at Deutsche Börse Group, said the move represented a chance to create “a leading European fund data champion” based in Luxembourg.