With the addition of evaluated prices and reference data on over 1.2 million municipal securities, SIX Telekurs now covers the universe of US municipal securities. Daily pricing is provided by Moodyâs Analytics, which delivers independent valuations based on the most up-to-date market information, taking into account the attributes of each specific instrument such as state of issuance, rating/outlook, optionality, and sector. Descriptive and reference data for these bonds is provided from the Mergent Terms and Conditions database under an exclusive licensing agreement through Moodyâs.
âThe combination of Mergentâs rich terms and conditions content with Moodyâs sophisticated, modern model-based evaluated pricing is a powerful addition to our US fixed-income offering,â says Barry Raskin, Managing Director of SIX Telekurs USA. âThrough this offering, we are able to provide our customers with the depth and breadth of data for munis that we already provide for more than five million securities traded around the world.â
Moodyâs evaluations are objective, and as such can be used by any type of institution for a variety of purposes, ranging from portfolio valuation to risk management and compliance. Given the current state of the credit markets, prices from an unbiased, expert provider can facilitate compliance with internal policies as well as with regulations such as FAS 157.
David Little, Managing Director of Moodyâs Analytics, says, âSIX Telekursâ ability to deliver the Moodyâs evaluated prices in a single format along with any other security in the customerâs portfolio is a big advantage. Customers can now utilize existing infrastructure to immediately add Moodyâs as a source of municipal prices â a critical advantage for those who need truly objective valuations but donât have the resources to bring on an additional service.â