Efficient fixed income markets rely on transparency, accurate valuation, and liquidity. For issuers, asset managers, and CSD participants, having reliable data on repo activity, bond fair pricing, and liquidity is essential for managing risk, optimising funding, and maintaining confidence in the market.
To support market participants more effectively, Euronext Securities has recently developed three new data service offerings designed specifically for data vendors, issuers, asset managers, and CSD participants. These services provide actionable insights that help participants make informed decisions, manage risk, and enhance operational efficiency across the bond market.
Repo OTC – funding made transparent
Repos are short-term financing arrangements in which bonds or other securities are used as collateral and traded either over-the-counter (OTC) or on organised exchanges such as the MTS repo platform, directly between market participants. These transactions are critical for liquidity, balance sheet optimisation, and efficient collateral management.
With Euronext Securities’ data services, participants gain access to insights by ISIN, including market trends and activity levels, providing a clearer picture of OTC repo activity.detailed This enhanced transparency supports better risk assessment and allows asset managers and CSD participants to optimise funding, while issuers can gain valuable insight into how their securities are used in the market.
Bond fair pricing – reliable valuation
Bond fair pricing estimates the theoretical value of a bond, going beyond the last traded price to reflect underlying market fundamentals. It is a critical tool for valuation, regulatory reporting, and risk management, particularly in less liquid segments where transaction data may be sparse.
Euronext Securities’ data services provide evaluated fair prices across a wide range of securities, combining historical and end-of-day pricing to ensure consistency and reliability. These insights support portfolio analysis and compliance requirements, helping market participants make informed decisions. By relying on robust fair pricing, issuers and investors can have greater confidence that market prices accurately reflect the fundamentals of the underlying securities.
Bond liquidity data – understanding market accessibility
Liquidity measures how easily a bond can be traded without materially affecting its price, an essential consideration for investors, issuers, and CSD participants alike. It encompasses factors such as bid-ask spreads, trading volumes, market depth, and the potential price impact of transactions.
Euronext Securities’ data services provide daily monitoring of market activity and insights into less liquid securities, enabling participants to anticipate trading conditions and make informed decisions. By understanding liquidity dynamics, asset managers and issuers can better manage execution, optimise risk, and navigate the market with greater confidence.
Connecting funding, pricing and liquidity
These three areas—repo OTC, bond fair pricing, and liquidity—are deeply interconnected. Illiquid bonds can lead to wider fair value spreads, influencing repo haircuts and funding costs. Active repo markets support secondary market trading and liquidity. Transparent, reliable data enables participants to make smarter decisions, optimise capital usage, and mitigate operational and market risks.
By leveraging Euronext Securities’ data services, market participants gain insights that connect funding, valuation, and liquidity, supporting efficiency, resilience, and transparency across fixed income markets.
Conclusion – enabling resilient bond markets
Accurate data on repo activity, fair pricing, and liquidity is essential for confident participation in fixed income markets. With Euronext Securities’ new data services, issuers, asset managers, and CSD participants can act with confidence, optimise funding, and contribute to stronger, more transparent markets.
Learn more about how our data services support smarter decisions in fixed income markets contact us today at ES.datasales@euronext.com
See the whole Data Services Catalogue here.
Author: Product and Development Manager Jacopo Crea & Head of Data Services Sales Vilde Eiesland