S&P Global Market Intelligence and MarketAxess Forge Strategic Partnership for Fixed-Income Data Integration

Strategic Partnership Announcement

S&P Global Market Intelligence (SPGMI) and MarketAxess Holdings Inc. have announced a strategic data partnership aimed at increasing transparency and efficiency in the fixed-income markets 1

1

2

2

. This collaboration, set to commence in the first half of 2025, brings together two industry leaders in financial data and electronic trading platforms.

Integration of Data Products

The core of this partnership involves the integration of S&P Global Bond Reference Data into MarketAxess' suite of data products, and the inclusion of MarketAxess CP+™ real-time pricing into S&P Global's Evaluated Bond Pricing 1

1

. This integration is expected to create more consistent pricing and greater efficiencies across the trade lifecycle, including front, middle, and back-office functions.

AI-Powered Pricing Tool

MarketAxess CP+ is highlighted as a key component of this partnership. It is a real-time bond pricing source for Global Credit, Rates, and Emerging Markets, powered by AI and proprietary data 1

1

. The tool delivers two-sided prices every 15 to 60 seconds, providing clients with crucial information for price discovery, transaction cost analysis, and automated trading strategies.

Scope and Impact

The partnership will combine S&P Global's Evaluated Bond Pricing, which covers over 1.2 million Corporate, Sovereign, and Municipal bonds, with MarketAxess CP+ 1

1

. This extensive coverage is expected to significantly enhance the consistency and efficiency of pricing across various stages of trading and valuation.

Executive Insights

Laura Misher, Vice President at S&P Global Market Intelligence, emphasized the partnership's role in connecting a market-leading institutional trading platform with a leading data provider 1

1

. She noted that this collaboration would bring transparency and consistency to data used across different customer functions.

Kat Sweeney, Global Head of Data and ETF Solutions at MarketAxess, highlighted how the integration of CP+ into S&P Global's Evaluated Bond Pricing service would help close gaps between best execution, intraday trading decisions, and end-of-day valuation 1

1

.

Future Prospects

The partnership is not only focused on immediate data integration but also aims to enable both companies to differentiate their existing product offerings and innovate new solutions 1

1

. This forward-looking approach suggests potential for further developments in fixed-income market tools and services.

Company Profiles

S&P Global Market Intelligence, a division of S&P Global (NYSE: SPGI), is described as a leading provider of credit ratings, benchmarks, analytics, and workflow solutions in global capital, commodity, and automotive markets 1

1

2

2

.

MarketAxess (Nasdaq: MKTX) operates a leading electronic trading platform for fixed-income securities, serving over 2,000 firms with its patented technology 1

1

2

2

. The company is known for its Open Trading® marketplace and its comprehensive trading lifecycle solutions.