S&P Global Market Intelligence (SPGI) and MarketAxess (MKTX) announced a strategic data partnership that will result in increased transparency and efficiency for the fixed-income markets. Core to the partnership will be the integration of S&P Global Bond Reference Data into the MarketAxess suite of data products, and the inclusion of MarketAxess CP+ real-time pricing into S&P Global’s Evaluated Bond Pricing. MarketAxess CP+ is a real-time bond pricing source for Global Credit, Rates and Emerging Markets powered by AI and proprietary data, including the company’s global fixed-income trading platform and TraX(R) data. With two-sided prices delivered every 15 to 60 seconds, clients rely on MarketAxess CP+ for price discovery, transaction cost analysis, and automated trading strategies. Combining S&P Global’s Evaluated Bond Pricing of over 1.2M Corporate, Sovereign and Municipal bonds with MarketAxess CP+ is expected to result in more consistent pricing and greater efficiencies across the trade lifecycle including front, middle and back-office functions.
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