Xtrakter’s new reference data capabilities attract first client
23 November 2010 Brussels
Image: Shutterstock
Xtrakter, a leading provider of capital markets data, trade matching and regulatory reporting, welcomes TFG Fund Services as the first client to access Xtrakter’s recently launched reference data product, known as XREF.
Xtraker, part of the Euroclear group since 2009, now offers a rich and
detailed source of static
data on over 300,000 different fixed-income securities, via XREF,
substantially expanding its
coverage from 150,000 securities.
Clients now receive data and information on any of these securities
(fixed-rate bonds, FRNs,
convertibles, government bonds, bills and Euro-medium term notes) in a
tailor-made fashion.
By using XREF, clients select only the data and information required, such
as interest payment
details, redemption features (call, put, etc), conversion terms, syndicate
member names and
agents among others, all of which assist clients in managing their bond
portfolios. Furthermore,
enhanced search capabilities now enable clients to flag up securities
information by debt instrument
type, regulatory regime (e.g. REG S, Rule 144a), collateral-eligibility
classification and
specific features, such as Sukuk and limited recourse debt.
Martin Toyer, Chief Executive Officer of TFG Fund Services, welcomed the
integration of
TFG’s product with XREF, saying: “Supplying real-time risk analytics to the
front office, and
reliable valuations to the middle office, requires a focus on quality of
both data and technology.
With XREF, we have found a product that we can rely upon to provide high
quality data,
and with Xtrakter, an organisation that we can work with to produce an
excellent, seamlessly
integrated product. XREF will help TFG to continue to provide the high
quality service that
our clients expect.”
Yannic Weber, Chief Executive Officer of Xtrakter, commented: “Fully in
line with our ethos of
providing the highest quality fixed-income data at minimal cost, we are
answering a call from the
market to increase the scope and granularity of securities information on
our reference database.
We are delighted that clients now have the flexibility to access
comprehensive fixed-income data
across so many types of debt securities and geographic markets from one
single provider.”
Xtraker, part of the Euroclear group since 2009, now offers a rich and
detailed source of static
data on over 300,000 different fixed-income securities, via XREF,
substantially expanding its
coverage from 150,000 securities.
Clients now receive data and information on any of these securities
(fixed-rate bonds, FRNs,
convertibles, government bonds, bills and Euro-medium term notes) in a
tailor-made fashion.
By using XREF, clients select only the data and information required, such
as interest payment
details, redemption features (call, put, etc), conversion terms, syndicate
member names and
agents among others, all of which assist clients in managing their bond
portfolios. Furthermore,
enhanced search capabilities now enable clients to flag up securities
information by debt instrument
type, regulatory regime (e.g. REG S, Rule 144a), collateral-eligibility
classification and
specific features, such as Sukuk and limited recourse debt.
Martin Toyer, Chief Executive Officer of TFG Fund Services, welcomed the
integration of
TFG’s product with XREF, saying: “Supplying real-time risk analytics to the
front office, and
reliable valuations to the middle office, requires a focus on quality of
both data and technology.
With XREF, we have found a product that we can rely upon to provide high
quality data,
and with Xtrakter, an organisation that we can work with to produce an
excellent, seamlessly
integrated product. XREF will help TFG to continue to provide the high
quality service that
our clients expect.”
Yannic Weber, Chief Executive Officer of Xtrakter, commented: “Fully in
line with our ethos of
providing the highest quality fixed-income data at minimal cost, we are
answering a call from the
market to increase the scope and granularity of securities information on
our reference database.
We are delighted that clients now have the flexibility to access
comprehensive fixed-income data
across so many types of debt securities and geographic markets from one
single provider.”
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