Xtrakter, the London-based fixed income specialist, has launched new OTC liquidity service Xvol to provide access to a range of liquidity and volume data to assist users in better determining the liquidity of differing OTC fixed income securities.
Xvol offers fund, risk and performance managers with the ability to determine the liquidity of differing fixed income securities they may currently hold or be monitoring. Xvol specifically provides subscribers with the total volume figure for each security traded in the preceding month and a flag indicating the level of trading in each listed security within pre-defined bands. The service is based on the actual level of trading in the previous month and does not include synthetic data.
Yannic Weber, CEO of Xtrakter, said: “Understanding the liquidity of any given instrument has never been more important. In these uncertain times Xvol allows subscribers to gauge the liquidity of an instrument so they can make more informed investment decisions. I would like to thank the members of our user community who have aided the development of the service. I am pleased to state that we already have a number of clients actively using it.”
Xvol will be provided in a new flexible delivery format to allow subscribers to slice and dice information as they see fit. Xtrakter said that no longer subscribers need to take bulk files, they can simply extract the information they require by providing a set of ISINs and obtain the data in a flexible format tailored to meet their needs.
David Self, product manager of information services at Xtrakter, said: “We have been refining Xvol with the assistance of our user community since mid 2009, we have been mindful to meet the needs of both potential users and the market as a whole, we have spent considerable time refining the service to the need provide our subscribers with a valued service and ensuring that market positions are protected, the data is provided a month in arrears and trading is listed within a predefined set of bands.”