Financial information provider SIX Telekurs has signed deals with Moody’s Analytics and Mergent Inc. that will allow it to expand its municipal bond coverage to clients.
SIX Telekurs will receive pricing on bonds from Moody’s Analytics and descriptive and reference data from Mergent. This adds pricing on 1.2 million municipal securities to its system.
The Switzerland-based company consolidates data from about 850 sources on more than five million instruments, including equities, fixed-income products and derivatives. This allows its clients to pull in reference data and pricing from a wide-variety of sources on whatever instrument it needs.
Moody’s product fits SIX Telekurs focus on transparency in the evaluative pricing models it brings into its system.
“Munis are a pretty specific segment and as we’ve grown our fixed-income coverage, we realized this is something that needed attention,” said Deirdre Sullivan, vice president of marketing for SIX Telekurs USA Inc.