Euroclear announced the launch of LiquidityDrive, a new data service that provides liquidity analysis on all fixed income instruments settled within Euroclear. It covers more than 460k global corporate and government bonds and combines executed trade settlement data with custody activity data. The service is agnostic of whether the instrument is traded via an electronic platform or voice traded.
Edwin De Pauw, head of Data Services and Innovation at Euroclear, said in a statement: “As a financial market infrastructure with a track record of providing high quality settlement services to the world’s leading financial institutions, we are well-positioned to provide a value add solution to increase transparency and efficiency in the market.”
The new service will provide valuable insights into asset liquidity and volume fluctuations, enabling market participants to improve their research intelligence in the areas of pre and post-trade analysis and reporting. LiquidityDrive is part of Euroclear Information Solutions which houses all its data business lines. Euroclear’s post-trade system settled the equivalent of €837 trillion in securities transactions.