Bond traders and investors can now receive more frequently updated data on assets with an enhancement to the Depository Trust & Clearing Corporation (DTCC)’s security master data file service.
DTCC’s Corporate Fixed Income Premium Intraday Reference Data has been retooled to refresh every half-hour 23 times a day, the organisation said. It will also include 20 new data elements, including security description, bond duration, interest rate and coupon frequency.
The update has been partly driven by the advent of T+1 trade reporting.
“Intraday corporate fixed income data is critical for the identification, valuation, trading, and settlement in the secondary market,” said Tim Lind, managing director of DTCC data service. “The T+1 transition requires firms to operate more quickly within shorter timeframes. Having access to underlying security data on a timelier basis can help firms achieve that objective.”
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