S&P Global Market Intelligence and MarketAxess Announce Strategic Fixed-Income Data Partnership
MarketAxess Holdings (Nasdaq: MKTX) and S&P Global Market Intelligence have announced a strategic data partnership to enhance fixed-income market transparency. The collaboration involves integrating S&P Global Bond Reference Data into MarketAxess's data products and incorporating MarketAxess CP+™ real-time pricing into S&P Global's Evaluated Bond Pricing. The partnership combines S&P Global's evaluation of over 1.2 million bonds with MarketAxess CP+'s AI-powered real-time pricing, which provides updates every 15-60 seconds. The data integration is set to begin in the first half of 2025.
MarketAxess Holdings (Nasdaq: MKTX) e S&P Global Market Intelligence hanno annunciato una partnership strategica sui dati per migliorare la trasparenza nel mercato obbligazionario. La collaborazione prevede l'integrazione dei Dati di Riferimento delle Obbligazioni di S&P Global nei prodotti dati di MarketAxess e l'incorporamento dei prezzi in tempo reale di MarketAxess CP+™ nei Prezzi delle Obbligazioni Valutati di S&P Global. La partnership combina la valutazione di oltre 1,2 milioni di obbligazioni di S&P Global con i prezzi in tempo reale alimentati dall'IA di MarketAxess CP+, che fornisce aggiornamenti ogni 15-60 secondi. L'integrazione dei dati inizierà nella prima metà del 2025.
MarketAxess Holdings (Nasdaq: MKTX) y S&P Global Market Intelligence han anunciado una asociación estratégica de datos para mejorar la transparencia del mercado de renta fija. La colaboración implica la integración de los Datos de Referencia de Bonos de S&P Global en los productos de datos de MarketAxess e incorporar los precios en tiempo real de MarketAxess CP+™ en la Evaluación de Precios de Bonos de S&P Global. La asociación combina la evaluación de más de 1.2 millones de bonos de S&P Global con los precios en tiempo real impulsados por IA de MarketAxess CP+, que proporciona actualizaciones cada 15-60 segundos. La integración de datos comenzará en la primera mitad de 2025.
MarketAxess Holdings (Nasdaq: MKTX)와 S&P Global Market Intelligence는 채권 시장의 투명성을 향상시키기 위한 전략적 데이터 파트너십을 발표했습니다. 이번 협력은 S&P Global 채권 기준 데이터가 MarketAxess의 데이터 제품에 통합되고, MarketAxess CP+™ 실시간 가격이 S&P Global의 평가된 채권 가격에 포함되는 것을 포함합니다. 이 파트너십은 S&P Global의 120만 개 이상의 채권 평가와 MarketAxess CP+의 AI 기반 실시간 가격 정보를 결합하여 15-60초마다 업데이트를 제공합니다. 데이터 통합은 2025년 상반기부터 시작될 예정입니다.
MarketAxess Holdings (Nasdaq: MKTX) et S&P Global Market Intelligence ont annoncé un partenariat stratégique en matière de données pour améliorer la transparence du marché des titres à revenu fixe. La collaboration implique l'intégration des Données de Référence sur les Obligations de S&P Global dans les produits de données de MarketAxess et l'incorporation des prix en temps réel de MarketAxess CP+™ dans les Prix des Obligations Évaluées de S&P Global. Ce partenariat combine l'évaluation de plus de 1,2 million d'obligations par S&P Global avec la tarification en temps réel alimentée par l'IA de MarketAxess CP+, qui fournit des mises à jour toutes les 15 à 60 secondes. L'intégration des données devrait commencer au cours du premier semestre 2025.
MarketAxess Holdings (Nasdaq: MKTX) und S&P Global Market Intelligence haben eine strategische Datenpartnerschaft angekündigt, um die Transparenz auf dem Rentenmarkt zu verbessern. Die Zusammenarbeit umfasst die Integration von S&P Global Bond Referenzdaten in die Datenprodukte von MarketAxess und die Einbeziehung der Echtzeitpreise von MarketAxess CP+™ in die Bewerteten Anleihenpreise von S&P Global. Die Partnerschaft kombiniert die Bewertung von über 1,2 Millionen Anleihen durch S&P Global mit den KI-gestützten Echtzeitpreisen von MarketAxess CP+, die alle 15-60 Sekunden aktualisiert werden. Die Datenintegration soll in der ersten Hälfte von 2025 beginnen.
- Strategic partnership with S&P Global Market Intelligence enhances product offering
- Integration expands market reach through S&P Global's 1.2 million bond coverage
- Partnership enables development of new product solutions
- Potential for increased revenue through expanded service offerings
- Integration implementation delayed until first half of 2025
Insights
This strategic partnership marks a significant advancement in fixed-income market infrastructure. The integration of S&P Global's 1.2 million bond database with MarketAxess's CP+ real-time pricing system creates a powerful synergy that will enhance market efficiency and price discovery. The collaboration addresses a important market need for more accurate, consistent pricing across trading operations.
The partnership's value proposition lies in bridging the gap between intraday trading and end-of-day valuations, a persistent challenge in fixed-income markets. By combining MarketAxess's AI-driven pricing technology with S&P's comprehensive reference data, the solution will likely reduce pricing discrepancies and improve operational efficiency for institutional investors. The timing of implementation in H1 2025 allows for proper integration and testing, suggesting a well-planned rollout.
The technological implications of this partnership are substantial. MarketAxess's CP+ system, delivering pricing updates every 15-60 seconds, represents cutting-edge AI application in fixed-income markets. When integrated with S&P's extensive database, it will create a more robust and reliable pricing mechanism. This enhancement in market infrastructure could lead to increased trading volumes and improved liquidity, particularly beneficial for MarketAxess's trading platform revenue.
The focus on front, middle and back-office functions suggests comprehensive operational benefits, potentially reducing costs and improving risk management for institutional clients. This could strengthen MarketAxess's competitive position in the electronic trading space and drive increased platform adoption.
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® 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 1.2 million 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.
"We are excited about this collaboration as it connects a market-leading institutional trading platform with a leading data provider, bringing transparency and consistency in data used across the different functions of our customers, said Laura Misher, Vice President at S&P Global Market Intelligence. "Additionally, our combined expertise will allow us to develop solutions that will address customer challenges across the trade lifecycle."
"Incorporating CP+ into S&P Global Evaluated Bond Pricing service will enable our firms to close the gaps between best execution, intraday trading decisions and end-of-day valuation," said Kat Sweeney, Global Head of Data and ETF Solutions at MarketAxess. "We are thrilled to be working with S&P Global Market Intelligence, an innovator across the entire fixed-income ecosystem, to further our common goal of bringing more transparency to the fixed-income cash and ETF markets."
The data integration is expected to start in the first half of 2025 and will also enable the two companies to differentiate their existing product offerings and innovate new solutions.
About S&P Global Market Intelligence
At S&P Global Market Intelligence, we understand the importance of accurate, deep and insightful information. Our team of experts delivers unrivaled insights and leading data and technology solutions, partnering with customers to expand their perspective, operate with confidence, and make decisions with conviction.
S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI). S&P Global is the world's foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world's leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information, visit www.spglobal.com/marketintelligence.
About MarketAxess
MarketAxess (Nasdaq: MKTX) operates a leading electronic trading platform that delivers greater trading efficiency, a diversified pool of liquidity and significant cost savings to institutional investors and broker-dealers across the global fixed-income markets. Over 2,000 firms leverage MarketAxess' patented technology to efficiently trade fixed-income securities. MarketAxess' award-winning Open Trading ® marketplace is widely regarded as the preferred all-to-all trading solution in the global credit markets. Founded in 2000, MarketAxess connects a robust network of market participants through an advanced full trading lifecycle solution that includes automated trading solutions, intelligent data and index products and a range of post-trade services. Learn more at www.marketaxess.com and on X @MarketAxess.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including statements within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 with respect to consistency, efficiencies, product development, expected start dates, innovation and product differentiation. These and other statements that relate to future results and events are based on MarketAxess' current expectations. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release. Please refer to the periodic filings MarketAxess makes with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause events and results to differ materially from those contained in the forward-looking statements set forth in this press release. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. More information about these and other factors affecting MarketAxess' business and prospects is contained in MarketAxess' periodic filings with the Securities and Exchange Commission and can be accessed at www.marketaxess.com.
Media Contacts:
Sabrina Mayeen for S&P Global
P. +44 (0)20 7176 0495
E. sabrina.mayeen@spglobal.commailto:Amanda.Oey@spglobal.com
Marisha Mistry for MarketAxess
P. +1 917 267 1232
E. mmistry@marketaxess.com
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SOURCE S&P Global Market Intelligence
FAQ
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