UK data services provider Markit has launched a same-day pricing service for European asset-backed securities (ABS).The service will provide same day bid and offer prices, spreads and average life assumptions on more than 3,500 securities. Classes covered include residential and commercial mortgage-backed securities, asset-backed securities and cash collateralised debt obligations.
Prices are based on daily mark-to-market pricing information from major ABS dealers and market makers, according to Markit. The service will be available through a website, designed to allow dealers to reveal prices selectively to specific clients, and to give buy-side users access to specific security pricing data.
More on Technology
Result comes despite tougher rules on market manipulation and abuse
Focus needs to be on reacting, not stopping every threat
Companies can wring more value from regulation-mandated data
Risk's annual round-up of new software developments
Sign up for Risk.net email alerts
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
Nominated for two technology awards
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.