About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Markit Adds Real-Time Bond Pricing to Hourly and End-of-Day Services

Subscribe to our newsletter

Markit has responded to market demand for real-time bond pricing with a streaming service covering investment grade and high yield corporate, sovereign and agency bonds. The service is designed to support pre-trade transparency, intraday net asset value calculations, and the need for exchange traded fund managers to understand how constituents of funds are priced throughout the day.

The real-time bond pricing service was introduced after lengthy testing a couple of weeks ago and adds to Markit’s existing hourly and end-of-day bond pricing services. While the hourly and end-of-day services use a traditional evaluator approach for bond pricing, the real-time service differentiates in using a hybrid approach that reduces latency.

The hybrid approach combines data from direct dealer feeds, trade colour and data captured by Markit’s real-time parsing technology, and uses a machine driven algorithm to publish prices based on the source data. Evaluator audits safeguard accuracy and reliability.

The real-time pricing service initially covers over 35,000 corporate, sovereign and agency bonds across 40 currencies, but not the whole universe of bonds in the hourly and end-of-day services. Nathan Kirk, head of EMEA business strategy for fixed income pricing at Markit, explains: “The hourly and end-of-day services provide pricing for about 80,000 bonds. The real-time service provides pricing for over 35,000 bonds that is based on observable information from different data feeds, but if we are confident on pricing we will add more bonds to the service.”

The real-time bond pricing service will be charged as an additional service on top of the hourly and end-of-day services, with customers subscribing to the full universe of bonds or a selected list of securities. The company’s fixed income pricing service already runs real-time services for bank loans and credit default swaps, and includes pricing for municipal bonds and securitised products that will be streamed live when there is market demand and where there is sufficient observable data. Meantime, Markit is working on a project that will produce a real-time money markets pricing service.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: How to organise, integrate and structure data for successful AI

25 September 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes Artificial intelligence (AI) is increasingly being rolled out across financial institutions, being put to work in applications that are transforming everything from back-office data management to front-office trading platforms. The potential for AI to bring further cost-savings and operational gains are...

BLOG

AI is Helping to Solve New ESG Data Challenges: ESG Briefing Review

The peculiar demands that ESG data integration places on capital markets participants requires powerful techniques that are increasingly being provided through artificial intelligence, A-Team Group’s recent ESG Data and Tech Briefing London heard. From data quality monitoring and analytics to supply chain analysis and investment management, AI-based tools are already offering automated solutions to some...

EVENT

RegTech Summit London

Now in its 9th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...