Refinitiv expands Yieldbroker global data distribution capabilities
Published by Refinitiv, 27th May 2019
Includes new datasets from Yieldbroker across the Australian and New Zealand fixed income and interest rate derivatives markets
New York/Sydney – Refinitiv has signed a new multi-year data distribution global agreement to make Yieldbroker's market data, including new data sets, available to its customers. This provides financial market participants with electronic trading-based pricing to help with their overall trade cycle workflows.
The expanded agreement provides for the delivery of additional data sets across the Australian and New Zealand fixed income and interest rate derivatives markets which Yieldbroker currently operate in. The price data and analytics are sourced directly from Yieldbroker's electronic trading platform which provides active liquidity across Bonds, Credit, Interest Rate Derivatives, Bank Bills and Repos, trading in excess of $2.75 trillion annually.
Financial professionals will be able to access Yieldbroker data in their own applications via the Elektron Data Platform or on the desktop via Eikon.
"Yieldbroker is the most widely-used reference source for Australian and New Zealand fixed interest securities and through Refinitiv, our clients have access to a trusted source of data to help with their pre-trade and post-trade risk and compliance obligations,” said Debra Walton, Chief Revenue Officer at Refinitiv. "We are very pleased to be able to expand the depth and breadth of our fixed income content through this agreement, which is part of our ongoing commitment to deliver new and unique content as a core foundation of our data analytics and workflow solutions.”
"Our go-forward partnership with Refinitiv is part of Yieldbroker's broader strategic focus in expanding our overall data and analytics capabilities," said Anthony Robson, Chief Executive Officer, Yieldbroker. "We operate a unique model for Yieldbroker which combines a dealer-to-dealer and dealer-to-client market with live pricing from 23 market makers across some 1200+ Australia and NZ interest rate securities.”
He added, “The continued focus on delivering market transparency and trading efficiencies extends to Yieldbroker's transaction-based market data which is actively used for necessary price verifications and validation across the transaction life cycle. The Refinitiv data distribution makes this data easily available to market participants from across the global financial community.”
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 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. For more information about Yieldbroker, please visit www.yieldbroker.com