Refinitiv expands real-time data feed to cover Yieldbroker’s Australian Bank Bills Pricing

Press Releases
19 May 2020

Refinitiv Bank Bills

Refinitiv expands real-time data feed to cover
Yieldbroker’s Australian Bank Bills Pricing


With increased volatility, access to real-time data on Australian Bank Bills and NCDs is critical

Sydney/Singapore – Refinitiv announced today it is expanding its data distribution agreement with Yieldbroker to provide Bank Bills pricing to Customers. The partnership enables Refinitiv to provide market participants with critical information relating to short-term funding, balance sheet management, along with hedging strategies and necessary instrument valuation and risk management.

In these unprecedented times where volatility has significantly increased and funding sources are stressed, having access to real-time data feeds is critical to the ability of institutions to function and react appropriately to market conditions. To assist market participants in the current environment and with the impact of COVID-19, Refinitiv customers will have access to Yieldbroker Bank Bills pricing in Eikon on a rolling free trial basis.

Financial professionals can access Yieldbroker data in their own applications as well as their Eikon desktops, and with backloaded historical data, can select deployment to various use cases in Front, Middle and Back Office functions.

“Having the underlying tick by tick pricing as well as historical data, provides unique insight into the Australian Bank Bills pricing and activity,” said Daryl Sisson, Managing Director, Asia Pacific at Refinitiv.

“The real-time pricing generated from Yieldbroker’s trading platform is the best representation of the live Australian Bank Bills and NCDs market rates as it includes executable bids and offers (yield and volume) of Prime Bank Bills paper submitted via Yieldbroker”, he added.

Yieldbroker is the main trading platform for Australian Bank Bills and NCDs and is also the dominant Approved Trading Venue (ATV) through which transactions in underlying Prime Bank Paper are reported and used as a key input into the calculation of the BBSW daily fixing rate by the Australian Securities Exchange (ASX).

"We are pleased to be able to expand our data distribution partnership with Refinitiv. Yieldbroker is committed to helping market participants respond to the unique challenges of the Australian and New Zealand marketplaces. In these challenging times, we believe being able to provide key Bank Bills pricing to a wider user base for pre and post trade analytics, monitoring and decision making is essential”, said Anthony Robson, Chief Executive Officer, Yieldbroker.

He added, “The continued focus on delivering market transparency, trading efficiencies and overall compliance during times of market stress, further exemplifies how Yieldbroker is committed to providing key market data which can be used for necessary price verification and validation across the transaction life cycle. The Refinitiv data distribution makes this Bank Bills data easily available to market participants across the global financial community.”

About Refinitiv

Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in over 190 countries. It provides leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community - driving performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime.

About Yieldbroker

Yieldbroker provides the systems infrastructure, regulatory framework and compliance oversight necessary to facilitate the growth of orderly electronic marketplaces in Australian and New Zealand debt securities and derivatives. Commencing operation in 2001, Yieldbroker’s dealer and client market has become the dominant electronic trading platform in the local debt marketplace. An Interdealer market was added to the platform in 2007. Yieldbroker also operates an auction system that is utilised by the Australian Office of Financial Management (AOFM) for the issuance of Australian Government Treasury Bonds, Treasury Indexed Bonds and Treasury Notes, by the RBA to conduct long-end liquidity operations and by a number of semi-government borrowers. Yieldbroker also provides the mechanism used to set the expiry price of local Australian Bond Futures Contracts for the Australian Securities Exchange (ASX), as well as being one of the main pricing contributors for the ASX when determining the key Bank Bill Swap Rate (BBSW), the official benchmark for floating rate bonds and other instruments.  Yieldbroker is a Tier 1 Australian Market Licensee regulated by the Australian Securities and Investments Commission (ASIC) and is recognised by the Monetary Authority of Singapore (MAS) as a Recognised Market Operator (RMO). Yieldbroker holds long term no-action relief from the Commodity Futures Trading Commission (CFTC) from the SEF registration requirements. For more information about Yieldbroker, please visit www.yieldbroker.com

CONTACTS

Silke Marsh

Director, Regional Communications, Asia Pacific
Refinitiv
+65 9793 4140
silke.marsh@refinitiv.com

Isabella Teixeira
Head of Business Operations
Yieldbroker
+61 2 9994 2881
+61 417 482 831
isabella.teixeira@yieldbroker.com