Econoday Launches the First Sovereign Debt Auction Data Platform Available in the Industry
“Currently fixed income trading desks and compliance departments manually retrieve announcement data and hand input it into spreadsheets. Causing errors and lack of automation,” says Michael Milmoe, Econoday President
LAFAYETTE, Calif. (PRWEB) August 22, 2018
Developed in partnership with a Tier 1, Global Money Center Bank, Econoday has built and deployed the first live Sovereign Debt auction data platform available to the industry. The data covers the Sovereign Debt auctions held by 10 nations; Austria, Finland, France, Germany, Greece, Ireland, Italy, Portugal, Spain, and the United Kingdom.
Econoday’s live and historical coverage also gives subscribers an easily surveyed, unified platform for monitoring sovereign debt issuance on several levels, and assists in cross-country comparisons (rates, spreads, coverage, volumes) and in trading decisions.
“Currently fixed income trading desks and compliance departments manually retrieve announcement data and hand input it into spreadsheets. Causing errors and lack of automation,” says Michael Milmoe, Econoday President. “Over time this data is lost and there is no way to cross check or verify accuracy of the data at an enterprise level. Our solution provides the only automated, machine readable dataset for algorithmic trading.”
The live calendar coverage tracks each debt offering through all stages of the auction process schedule, from the initial indicative calendar entry, to the formal announcement, the auction results, any post-auction bidding events, and finally the settlement. The user can prepare, examine, compare, and react to new information as it comes without time specific data gaps.
This new and one-of-a-kind Cloud based data delivery of Sovereign Debt is available for immediate deployment to firms of any size. More information about this new enterprise offering from Econoday can be found at https://www.econoday.com/enterprise/sovereign-debt.
About Econoday, Inc. Econoday was founded in 1990 by Cynthia Parker. Ms. Parker, a trading floor professional, realized that there was a lack of understanding about economic events worldwide and decided to teach investors how economic events move markets and influence trading decisions.
Econoday is a technology and information company with a vast archive of data and analysis used in creating innovative product solutions for the financial industry. Econoday is one of the leading providers of global economic data and it is a trusted source for unbiased, jargon-free, market-focused analysis written by a highly skilled team of economists. Top online brokerage firms including Fidelity and Bank of America Merrill Lynch as well as major online media websites such as Barron’s, Nasdaq, Tradeweb, and WSJ rely on Econoday for their economic calendar. Econoday provides comprehensive coverage of key economic indicators and events for all of the major investor countries, including: Australia, Canada, China, Eurozone, France, Germany, Hong Kong, India, Italy, Japan, New Zealand, Singapore, Switzerland, United Kingdom, and the United States. Learn more by visiting http://www.econoday.com.