The availability of data on Canada’s fixed income markets is being expanded with a deal between New York City-based Thomson Reuters and Toronto-based Perimeter Markets Inc., which operates multi-dealer fixed income marketplace CBID.
Thomson Reuters will be distributing real-time price and yield data on the Canadian bond market from CBID, the global financial information firm announced on Wednesday.
The deal will provide access to more than 3,500 lines of live inventory, and depth-of-market data, on Government of Canada and federal agency bonds, provincial bonds, municipal bonds, corporate bonds, strip bonds and money markets, Thomson Reuters says.
Data is based on live executable offerings (not indications of interest) from several of Canada’s leading fixed income broker dealers and includes historical reference data going back to 2002.
Real-time data is now available on Thomson Reuters’s Eikon desktop product, providing access to detailed information from Canada’s only live bond marketplace. Customers can also access the market data from Elektron Real Time, a low-latency, consolidated real-time feed that provides normalized, full-tick, depth-of-market data from exchanges around the world, Thomson Reuters notes.
“This agreement with Perimeter demonstrates our ongoing commitment to providing sought after services to the Canadian marketplace. Adding CBID enables us to provide authoritative data on Canada’s fixed income markets while opening significant new investment opportunities for both Eikon users and customers using Elektron Real Time from Thomson Reuters at the enterprise level in this important global market,” says Jamie Grant, global head of rates for fixed income at Thomson Reuters.
“The unique nature and rapid growth of CBID make it an ideal source of this type of information for individual investors,” said Geoff Eby, president of Perimeter Markets. “Unlike some other bond information sources, whose pricing may be based on indicative levels, the CBID data represents the wholesale prices and yields in Canada’s live fixed income marketplace.”