Markit Unveils Total Return Swap Data Service

Service will bring more transparency to TRS market


The service combines end-of-day TRS consensus prices as well as daily trading volumes-which are currently between $200m and $300m notional-to help market participants understand flows and to provide independent data for valuation and risk control, officials say.

In 2012, Markit launched a set of standardized TRSs based on a series of its iBoxx bond market indices; The iBoxx TRS enable users to trade swaps and receive quotes across multiple market makers electronically. These trades became electr