BondEdge, which was acquired by Interactive Data Corp. (IDC), provides reference data for fixed income portfolio managers at banks, investment managers, and other financial service professionals.
The extension of analysis tools into the equities market has been a long time coming. The fixed income market is going through a tough couple years, causing clients to look beyond their usual markets in search of yield. For consistency and simplicity the use of single platforms have been the preferred by traders, forcing providers like BondEdge to also expand beyond their traditional niche markets.
[The fixed income community is demanding broader instrument coverage and analytics to beat their benchmark and fund liabilities, explains Andrew Hausman, president of BondEdge Solutions. Read Whatâs New In The World Of Fixed Income Analytics? to learn more.]
"In the current low interest rate environment, many asset managers and financial institutions are expanding their investments across multiple asset classes, yet lack a single system for analysis and reporting" said Will Rhode, principal and director of fixed income at TABB Group in the press release. "Manually aggregating the information in order to assess exposures or to perform compliance related processes can be tedious for these investment professionals.â
According to the release, key features in BondEdge's multi asset analysis include "Identification of cross-asset attribution and risk (e.g. owning a stock and bond in the same company), exposure to sectors, and issuer concentration." They also offer portfolio âWhat-Ifâ analysis to simulate potential trades and pre and post trade compliance reporting.
"Providing analytics and reporting across multiple asset classes underscores our commitment to build out BondEdge features in response to ever-evolving industry needs,â adds Andrew Hausman, president of pricing & reference data for Interactive Data in the release.