Toffey Preps Benchmark for 2011 Launch

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Jim Toffey, CEO, Benchmark Solutions

Benchmark Solutions, a New York-based startup pricing venture headed by Tradeweb co-founder Jim Toffey and with financial backing from private equity firm Warburg Pincus, is gearing up to launch a new, real-time fixed-income pricing service early next year.

Sources say the vendor has operated in stealth mode while testing its pricing models against historical data, and will next year unveil a feed of prices covering a range of fixed-income instruments and related derivatives - from liquid, vanil