SuperDerivatives, the global leader in cloud-based real-time market data, derivatives technology and valuation services for the financial and commodity markets, has announced that FactEntry, an independent data and solutions provider, will provide bond reference data to its market data platform, DGX.
FactEntry was founded in 2007 with a focus to develop credit data products, and provides a range of solutions that bridge the gap between fixed income and equity products, including reference data for the fixed income and credit derivatives markets across various asset classes.
The addition of the data to DGX will provide enhanced accuracy for DGX’s bond pricing and will enable users to view the reference data with a simple mouse click on any bond. As an add-on service, users can search and filter through hundreds of thousands of bond prospectuses through FactEntry’s bondpdf.com service, available on the DGX app store.
DGX was launched in December 2012 and is a revolutionary cloud-based real-time market data, news, chat and analysis platform based entirely on free text, with no installed terminals or codes.
It delivers the widest range of cash and derivatives market data direct to desktops, iPads and other mobile devices, and offers advanced features such as multi-party video chat facilities, live business television channels and an app store which allows specialist vendors to develop functionality for the platform.
Commenting on the partnership, Sandeep Dhingra, CEO at FactEntry said: “Access to live bond and reference data is pivotal to accurately valuing portfolios and managing exposure to risk. SuperDerivatives’ track record in the derivatives market and the potential of DGX was an exciting proposition for us and we look forward to continuing to develop our relationship further.”
Bonnie Eshel, Head of Market Data at SuperDerivatives said: “FactEntry has an excellent knowledge of the fixed income and credit derivatives market, and this partnership enhances SuperDerivatives’ strategy of offering customers accurate real-time, independent market data at a sensible cost via a customisable, user-friendly platform.
“Controlling costs remains a real issue for institutions in this environment. Banks and funds are increasingly less willing to pay the high costs of fixed market data terminals and are actively seeking alternatives such as DGX, which they can customise to their precise needs. The trend is reflected in high demand for the platform, which has attracted 23,000 registered users in the first month since launch.”