BondDesk Group LLC and S&P Capital IQ will launch a pricing service for odd-lot fixed income markets in the last quarter of this year to respond to murky pricing and an increase in smaller transactions.

The service, Odd-Lot Valuations, aims to bring transparency and more relevant pricing to fixed income brokers, advisors and investors that deal in the marketplace for trades that are less than $1 million in size, the companies said in a press release Thursday. The prices in the service will be derived using S&P's methodologies combined with market Data from BondDesk ATS, the company's trading venue for odd-lot fixed income.

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