Fixed Income Evaluations Vendor Benchmark Study 2024

SS&C’s global fund administration business has conducted a comprehensive comparative analysis of fixed-income and leveraged loan evaluation services. This year's study includes prominent participants such as Bloomberg BVAL, Cambridge Financial Information Services, ICE Data Services, JP Morgan PricingDirect, London Stock Exchange Group (LSEG) Pricing Service, MarketAxess, S&P Global and Trumid.

Study Objectives
The primary goal of this study is to objectively assess two critical characteristics essential for vendor selection:

• Market Coverage: Evaluating the extent to which vendors cover the broad spectrum of fixed-income securities.
• Alignment to Market Transactions: Measuring how closely vendor prices align with actual transaction prices.

These metrics help gauge the relative fit and capability of evaluated pricing vendors for different instrument types.

At SS&C GlobeOp, we are the leading fund administrator and middle office services provider, managing over $2 trillion in assets under administration. This benchmark analysis is designed to support our clients in selecting the right vendor for pricing their fixed-income investments. Our clients invest in a broad spectrum of fixed income securities and syndicated bank loans, making vendor selection a complex task. The analysis in this report provides invaluable information based on actual trades and positions held by our clients, offering a comprehensive view of a diversified instrument universe.

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