SOLVE, provider of pre-trade quotes data across fixed income markets, has rolled out ‘Ticker’, its municipal market data offering as part of the SOLVE platform.
SOLVE’s Ticker for the municipal market integrates market data quotes parsed anonymously from both buy- and sell-side market participants, utilising Natural Language Processing and AI/ML technology. Observations in Ticker are accessible in real-time and historical formats, allowing clients to run multiple configurations concurrently and tile their screens to monitor various market segments. This feature enables them to visually track price changes against the last trade or quote, monitor market movement, and export data into Excel for additional analyses.
Talking to The DESK, SOLVE founder and CEO Eugene Grinberg, said, “By streaming quotes and trades in real-time, SOLVE’s Muni Ticker is a breakthrough for municipal bond pricing transparency. We are providing a tangible competitive edge to our clients by helping make informed trading decisions grounded in the best data possible.”
Grinberg added, “Many securities do not trade daily, weekly, or even monthly. Market participants across the front, middle, and back-offices can now gain unparalleled real-time view into municipal markets.”
Financial institutions using Ticker can simultaneously monitor market-observed bids and offers alongside trade data, observing real-time activity for individual bonds and issuers, and enhancing insights across credit ratings, sectors, tax statuses and geographies.
SOLVE collects more than 250,000 municipal bond quotes, across 50,000 distinct securities quoted each day and all quotes have prices, yields and spreads. Spreads use a consistent benchmark and yields are all YTW or YAL based on the user’s defined preferences, to ensure comparability across other quotes and trades.
As with historical trade data, quotes are available on a real-time basis, within seconds of receipt from contributing buy- and sell-side market participants.
© Markets Media Europe 2023
