Trading platform and technology provider MarketAxess has added live intra-day data for credit default swaps (CDS) to its BondTicker data service.
The firm said the new data will help swap dealers in the US, who have been required to report their derivative trade information to the Depositary Trust & Clearing Corporation's (DTCC) swap data repository.
MarketAxess' BondTicker will provide all reported data for both CDS indices and CDS options, as well as a summary of intra-day market volumes by gross notional and trade count.
Users will also be able to view indicators for trades reported later than execution date and use dynamic search capabilities with word recognition.
Rules regarding swaps, which will need to be cleared centrally, are coming into force in the coming months. Phase II of implementation of the rules will see a second wave of firms have to clear their swaps centrally as part of the Dodd-Frank Act, coming into force on 10 June, while the final phase is due to be implemented on 9 September.
Additionally, MarketAxess has also added end-of-data pricing information for Eurobonds to the BondTicker platform, following its acquisition of Xtrakter in February.
BondTicker is a major source of credit market data on a wide range of instruments including US high-grade, high yield, emerging markets, CDS and Eurobonds.