Bonds
Bond Market Is Hamstrung by Big Data Flaws, Report Says
- Research finds widespread inaccuracies in transaction records
- Flaws threaten to undermine new transparency regimes, tapes
The findings come as Europe pushes to unify data generated from its fragmented bond trading venues into a single real-time price feed.
Photographer: Carl Court/Getty ImagesThis article is for subscribers only.
Europe’s fixed-income trading data is a mess and threatens to undermine regulators’ efforts to improve transparency and liquidity, according to an industry analysis.
Over two-thirds of records in early 2024 were missing crucial currency information, while a quarter lacked details on transaction quantities, according to the research by firms including FINBOURNE Technology. Close to 90% of over 150 million fixed-income transactions analyzed were duplicated, complicating the task of obtaining an accurate picture of market activities.