IHS Markit and Yieldbroker Collaborate to Enhance AUD/NZD Trade Cost Analysis
LONDON and SYDNEY,Jan. 29,2020 -- IHS Markit(NYSE: INFO),a world leader in critical information,analytics and solutions,today announced it is enhancing fixed income analytics in its Trade Cost Analysis (TCA) service in collaboration with Yieldbroker,a leading Tier 1 licensed electronic trading platform for Australian and New Zealanddebt securities and derivatives.
The alliance unites IHS Markit's multi asset TCA tool,independent bond pricing and liquidity data with Yieldbroker's six trillion of annual AUD and NZD market transaction volume. Together,these services offer customers sophisticated trade execution analytics and a broad spectrum of data to deliver more transparency in fixed income markets.
"This collaboration is a natural extension of our global,multi asset TCA offering to on and off-shore AUD and NZD fixed income market players," said Chris Pashley,managing director at IHS Markit. "We are committed to continuously enhancing our comprehensive suite of best execution solutions to help customers optimize their trading activity,gain new perspective on fixed income markets and reduce the cost and operational demands of compliance and regulatory reporting."
"Working with IHS Markit creates a compelling solution for institutions active in AUD and NZD fixed income markets," said Anthony Robson,CEO of Yieldbroker. "This partnership supports Yieldbroker's strategic intent to deliver our clients end-to-end trading workflow solutions. With IHS Markit as a partner,we can further improve secondary market transparency,analytics,and insights for the AUD and NZD fixed income markets."
Evolving market practices and regulations such as Australia's RG 97,Europe's MiFID II and PRIIPS have led financial institutions to become more programmatic in their oversight of trade execution quality.
Through the collaboration,common customers can receive:
Point-in-time execution price slippage benchmarking
Security level bid-offer spread data
Security level Liquidity Scoring
RG 97 reporting data
Broker-dealer performance analytics
Request-for-quote (RFQ) analytics
Since 2011,IHS Markit has provided sophisticated tools for best execution and TCA,covering multiple asset classes,including equities,bonds,FX,bank loans,money markets,CDS and other OTC derivatives.
About IHS Markit(www.ihsmarkit.com)
IHS Markit (NYSE: INFO) is a world leader in critical information,analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information,analytics and solutions to customers in business,finance and government,improving their operational efficiency and providing deep insights that lead to well-informed,confident decisions. IHS Markit has more than 50,000 business and government customers,including 80 percent of the Fortune Global 500 and the world's leading financial institutions. Headquartered in London,IHS Markit is committed to sustainable,profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2019 IHS Markit Ltd. All rights reserved.
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