Euroclear launches fixed income liquidity data service

LiquidityDrive data service to cover more than 460,000 global corporate and government bonds and combine executed trade settlement data with custody activity data.

Euroclear has launched a new data service to provide market participants in-depth liquidity analysis on all fixed income instruments settled at its central securities depositories (CSDs).

Leveraging its post-trade ecosystem, the new Euroclear LiquidityDrive data service covers more than 460,000 global corporate and government bonds. It also combines executed trade settlement data with custody activity data, and the service is agnostic of whether the instrument is traded electronically or by voice.

The launch of the new service comes as CSDs look to leverage the mountains of data they sit on and transform their services from being a traditional settlement house to being a core provider in the investment lifecycle. 

“The launch of Euroclear LiquidityDrive reflects the way Euroclear looks at innovation,” said Edwin De Pauw, head of data services and innovation at Euroclear.

“As a financial market infrastructure with a track record of providing high quality settlement services to the world’s leading financial institutions, we are well positioned to provide a value-add solution to increase transparency and efficiency in the market. 

“We have worked together with the industry to define the features of our new product and we are excited to help our clients unlock liquidity in global fixed income markets.”  

Euroclear said the new service will provide valuable insights into asset liquidity and volume fluctuations, enabling market participants to improve their research intelligence in the areas of pre– and post–trade analysis and reporting.