The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Thomson Reuters Adds Continuous Evaluated Pricing Updates

Thomson Reuters continues to build out its pricing service with the provision of intraday evaluated pricing for government and corporate bonds, and the promise of similar evaluated pricing availability for all fixed income instruments either this year or next.

The company says the addition of continuous pricing updates throughout the day from Monday to Friday is a response to customer demand for the ability to value portfolios on an ongoing basis, and gain greater accuracy and transparency. The intraday service also plays into regulatory requirements for better insight into the value of investment and trading portfolios that are typically calculated using end-of-day pricing from the previous day.

Thomson Reuters Pricing Service (TRPS) has offered continuous evaluated pricing updates for selected instruments for some time, but this offer was limited to instruments in regional markets that were open. The company’s extended offer provides evaluated pricing of instruments as they move with benchmarks 24 hours a day, five days a week, regardless of whether regional markets are open or closed. The pricing data is automatically updated and available via an intraday template on the company’s DataScope Select data delivery platform. It is accompanied on the template by supporting market data, assumptions and price recipes to provide transparency into how an evaluated price was reached.

Jayme Fagas, global head, valuations and transparency for Thomson Reuters pricing and reference services, says: “Customers need to know the value of their portfolios at any time of the day. They need greater transparency and can no longer rely solely on end-of-day pricing. Global accounting standards contained in regulations such as AIFMD, IFRS 13, Basel III and Solvency II require the ability to calculate net asset value at all times. By adding intraday pricing to our evaluated pricing service, we are answering just one of our customers’ most pressing needs.”

The intraday evaluated pricing service is available immediately to DataScope Select users and will be extended over the coming year to cover other asset classes such as securitised products and all appropriate fixed income instruments.

Related content

WEBINAR

Recorded Webinar: The evolution of market surveillance across sell-side and buy-side firms

Market surveillance is crucial, and in many cases a regulatory requirement, to ensuring orderly securities markets and sustaining confidence in trading. It can be breached and has become increasingly complex in the wake of the Covid pandemic, Brexit, and the emergence of new asset classes. This webinar will review the extent of market abuse in...

BLOG

IHS Markit Automates Fund Onboarding While Ensuring KYC/AML Compliance

IHS Markit has launched Investor Onboarding, which allows fund administrators and investment managers to automate and centralise their client onboarding while meeting AML, KYC and tax-related compliance obligations. The fully hosted platform – an industry first according to IHS Markit – digitises and streamlines collection and creation of subscription, AML, KYC and tax documents for...

EVENT

RegTech Summit New York

Now in its 7th year, the RegTech Summit in NYC will bring together the regtech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Regulatory Data Handbook 2021/2022 – Ninth Edition

Welcome to the ninth edition of A-Team Group’s Regulatory Data Handbook, a publication dedicated to helping you gain a full understanding of regulations related to your organisation from the details of requirements to best practice implementation. This edition of the handbook includes a focus on regulations being rolled out to bring order and standardisation to...