Convertible bonds are a specialist market involving complex and changing "terms and conditions" which dictate when, how and if the bonds can be converted into equity. To date, access to timely and accurate convertible bond terms and conditions data has been an opaque and difficult task for firms to manage. With the launch of the enhanced convertible bond data, Reuters customers will have access to the latest terms and conditions data for a broad range of convertible bonds globally â enabling customers to leverage a full front-to-back service.
The launch of the enhanced data follows an exclusive agreement between Reuters and MACE Advisers, who will work alongside Reuters convertible bond analyst team to maintain a leading service for Reuters customers. MACE Advisers has 18 years experience serving the convertibles market and offers an unrivalled knowledge of convertible bonds.
Mark Evans, Managing Director at MACE Advisers Ltd., said: "We are pleased to have this opportunity to combine our specialist knowledge of the convertibles market with the global reach of Reuters. The collaboration will provide a valuable resource for Reuters customers to review terms and conditions or incorporate the data into analytical models."
Tim Mercer, Director, Treasury and Fixed Income at Reuters, said: "The launch of the enhanced convertible data represents another investment in our credit portfolio, underlining our commitment to this marketâs needs. It complements our efforts in real-time corporate bond pricing and credit default swaps, and benefits from the cross-asset capabilities of our Reuters 3000 Xtra desktop."
Mitch Moore, Equities COO at UBS, and a non-executive board director of MACE Advisers, said: "As a leader in the global convertibles market, UBS is especially aware of the importance of reliable and up to date convertible bond data. We have been impressed with the quality of MACE Adviser's capabilities for many years. We welcome the collaboration between Reuters and MACE Advisers."
Gary Barr, Director of Reuters DataScope, adds: "The launch of this vastly enhanced convertible bond service, both on our desktop and Reuters DataScope services, will allow Reuters customers to leverage the same high quality data within their pre-trade, trade and post-trade activities".