Open Platform: Shining a Light onto ‘Dark’ Markets with Market-Derived Fixed Income Data

Tim Grant, Benchmark Solutions

With roughly $7.6 trillion in total outstanding value, the US dollar corporate bond universe is an expansive market, but includes a large amount of latent trading opportunity that is obscured by a lack of price transparency. Data sources for professional consumers exist, but the numerous problems surrounding the integrity of this data are impossible to ignore. Corporate bond traders are used to a bleak reality of gaps in both the quantity and quality of their market data, forcing most to invest