Following the launch of its valuations service last year, SIX Telekurs has now expanded its coverage to include a total of 57,000 straight and zero bonds, and 27,000 floating rate notes. Version 2.2 of the Fair Value Pricing Service has been in development over the last couple of months and is aimed at providing more transparency in the market around pricing, explains Jürg Schwarz, content manager of the service.
The vendor first launched the service in August last year, around the same time as its major rebrand and the exit of CEO Marc Carletti. As part of this push into the valuations space, the vendor partnered with Frankfurt-based valuations provider ValuePrice, a specialist in structured products in particular.
The fair value service is based entirely on information available in SIX Telekurs’ Valordata Feed (VDF), which in turn draws all of its information from SIX Telekurs’ central database. The prices are provided in 11 currencies, and are calculated four times a day, says the vendor.
Moreover, every fair value price is linked to an online service, the Fair Value Web, which displays the full set of key data used for the calculation, the underlying yield curves, spreads and ratings, as well as a 10 day history of the development of the fair value price.