On April 14, 2016, Interactive Data, announced its Liquidity Indicators Service for European and Asia-Pacific corporate and sovereign securities. This represents an expansion of its North American services, and leverages the same fixed-income evaluated pricing and reference data content that supports pricing and trading functions at the world’s leading financial institutions and asset managers.
Interactive Data Launches Liquidity Indicators Service in Europe
The launch of European Liquidity Indicators supports firms’ liquidity risk management needs across a range of market conditions. The indicators include estimates of the projected trade volume capacity of a fixed income security, which can be used in conjunction with information on a firm’s position to estimate the number of days to exit a position under various scenarios. In addition to expanding the range of securities available, the service includes a new feature that calculates the expected market price impact based on a firm’s target days to liquidate, as well as the projected days to liquidate when target price impact thresholds are set.
In addition to U.S. corporates, Latin-American corporates, and municipal bonds which have been available since 2015, the coverage now includes TBA-eligible mortgage-backed securities pass-throughs (MBS PTs), agency debentures and European corporate and sovereigns, as well as Asia-Pacific corporates and sovereigns.
Effective Date: April 14, 2016