Xtraker, part of the Euroclear group since 2009, launched XM2M in the same year (an expansion of the âXtrakter Price Service â Quoted and Tradedâ) and has been making data available to its own direct customers ever since. Clients benefit from high levels of data granularity, for example, access to traded and quoted pricing, date of last bid/offer, issuer nationality, quotation price contributors, and so forth, from a database of over 300,000 securities.
Yannic Weber, Chief Executive Officer of Xtrakter, commented: âFor the first time, Xtrakter is providing user-friendly, pricing detail from XM2M to a world-class information provider. As a core part of the capital market infrastructure, we strongly advocate the possibility for clients to choose how they receive their data â directly, or indirectly using one of their existing service providers. Together with SIX Telekurs, we are providing a bespoke offering of data for consumption by both the buy- and sell-side, worldwide.â
âWe are very pleased to participate in this collaboration to build on our strengthening position in the global fixed-income market space,â explained Ivo Bieri, Head of Product Management & Marketing, SIX Telekurs. The collaboration brings a large volume of dealer-traded and quoted prices, sourced directly from a broad survey of market participants, into SIX Telekursâ data environment. âWe can now deliver a unique view of the European fixed-income market in a format that precisely matches our clientsâ information landscape,â he added.