[ T H O U G H T
pre- and post-trade data, historical
data, risk related data, reference
data and more – but moreover, data
sources tend to be fragmented.
This means that, even for a single
security type, market participants
must very often engage several
data providers, multiple trading
platforms, and different regulato-
ry bodies in order to form a truly
holistic view.
Don’t be left behind
It is also worth remembering that
the overarching goal of optimising
alpha is unlikely to be achieved if
only basic fixed income trading
data is being accessed: to remain
on the cutting edge, traders must
ensure that they take full advan-
tage of new data sources, however
daunting, as this will enable them
to continue refining and perfecting
their investment and execution
strategies.
If they are to succeed in this
changing data landscape, however,
it is crucial that the process of col-
lecting and aggregating this data is
L E A D E R S H I P
|
R E F I N I T I V ]
“It is also worth remembering that the
overarching goal of optimising alpha is
unlikely to be achieved if only basic fixed
income trading data is being accessed.”
simplified and streamlined. Execu-
tion management systems (EMS),
and third-party data and analytics
platforms are able to aggregate
pre- and post-trade data, but in the
absence of data sharing, forming
a truly holistic view remains an
elusive goal.
Creating real-world solutions
Refinitiv’s open technology plat-
form, Eikon, now has access to both
MarketAxess and Tradeweb/Deale-
rweb data, and enables multiple
data sources to be aggregated and
analysed in a single solution for
the benefit of portfolio managers
and traders on both the buy- and
sell-sides. These users can now
run more robust transaction cost
analysis calculations, counterparty
analysis and risk assessments of
portfolios.
We remain committed to the open
sharing of quality data, and our ex-
tensive and often exclusive partner-
ships with best in class providers
mean that we are able to offer flex-
ible and complete solutions, while
continuing to support the fixed
income market’s transformation to
the benefit of all stakeholders.
l Please visit Refinitiv.com to access
our special report: Defining Fixed
Income Data
Issue 61 // TheTradeNews.com // 77