Comprehensive Data Service

MarketAxess' Corporate BondTicker^™ combines the Financial Industry Regulatory Authority (FINRA) TRACE data with MarketAxess tools and data to provide professional market participants with a comprehensive set of corporate bond price information. The data include actual execution prices—as well as MarketAxess-estimated spread-to-Treasuries—for every trade disseminated by FINRA, as well as prices for certain trades executed on the MarketAxess U.S. platform, many of which are not otherwise publicly disseminated. Corporate BondTicker can be customized, exported into Excel, and is available in real time. The service is intuitive and, simple to use and can be accessed through an Internet website, or through an automated download service (FTP).

Immediate Access to Spreads and More

The data represent execution and descriptive information on the most actively traded high-grade and high-yield corporate debt securities as reported through the FINRA’s Bond Trade Dissemination Service. The daily report includes actual transaction data for more than 10,000 daily trades in over 4,000 unique securities. Data reported for each transaction include:

• Asset Swap Spread
• Estimated spread-to-Treasuries calculated by MarketAxess
  
• Execution time and date
  
• FINRA symbol
  
• Quantity
  
• Price
  
• Yield
  
• CUSIP identifier
  

Valuable for Bond and Credit Traders, Portfolio Managers, Analysts, Risk Managers, and Compliance Staff

Corporate BondTicker data shine new light on the fixed-income marketplace. Bond and credit derivatives traders can use the information in real time to achieve better quality execution. Portfolio managers and research analysts can discern the real levels of credit spreads and examine trends in spread movement. Risk managers and compliance staff can verify pricing and gather data to assess the volatility of credit instruments.

More than 4,000 unique securities, representing 75% of daily trading volume of U.S. high-grade corporates

On March 3, 2003 FINRA began disseminating price information for an expanded set of corporate bonds. The new set includes all corporate bonds with an original issue amount of $100 million and greater that are rated A3 or higher by Moody's and A- or higher by S&P. These bonds were added to the original set that included all investment grade bonds with an original issue size of $1 billion and greater. The addition of the new bonds results in price information for an estimated 75% of daily high-grade corporate bond volume becoming publicly reported. And beginning April 14, 2003, FINRA began disseminating information on 120 triple-B-rated corporate bonds. The set of BBB bonds is unique in that dissemination of price information will continue for these bonds regardless of any future changes in ratings.

For More Information:

Please contact MarketAxess client services at 877.638.0037 for more information on BondTicker. Or email us at clientservices@marketaxess.com.

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