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IHS Markit and Yieldbroker announce Collaboration

IHS Markit, a world leader in critical information, analytics and solutions, has announced its collaboration with Yieldbroker, a leading Tier 1 licensed electronic trading platform for Australian and New Zealand debt securities and derivatives, to enhance its fixed income analytics in its Trade Cost Analysis service.

The alliance unites IHS Markit's multi asset Trade Cost Analysis (TCA) tool, independent bond pricing and liquidity data with Yieldbroker's six trillion of annual AUD and NZD market transaction volume. Together, these services offer customers sophisticated trade execution analytics and a broad spectrum of data to deliver more transparency in fixed income markets, according to a press release.

Chris Pashley, Managing Director, IHS Markit, said “This collaboration is a natural extension of our global, multi asset TCA offering to on and off-shore AUD and NZD fixed income market players. We are committed to continuously enhancing our comprehensive suite of best execution solutions to help customers optimize their trading activity, gain new perspective on fixed income markets and reduce the cost and operational demands of compliance and regulatory reporting.”

Anthony Robson, CEO, Yieldbroker, said “Working with IHS Markit creates a compelling solution for institutions active in AUD and NZD fixed income markets. This partnership supports Yieldbroker's strategic intent to deliver our clients end-to-end trading workflow solutions. With IHS Markit as a partner, we can further improve secondary market transparency, analytics, and insights for the AUD and NZD fixed income markets.”

Evolving market practices and regulations such as Australia's RG 97, Europe's MiFID II and PRIIPS have led financial institutions to become more programmatic in their oversight of trade execution quality, according to a IHS Markit press release.

Through the collaboration, common customers can receive: Point-in-time execution price slippage benchmarking; Security level bid-offer spread data; Security level Liquidity Scoring; RG 97 reporting data; Broker-dealer performance analytics; and Request-for-quote (RFQ) analytics.

IHS Markit has offered  best execution and TCA, covering multiple asset classes, including equities, bonds, FX, bank loans, money markets, CDS and other OTC derivatives since 2011.