Fixed Income Price Transparency
Glimpse is free for participating firms on a "give to get" basis and all members may join a profit sharing agreement and be paid for the data they contribute.
A buy-side only network of asset managers sharing post trade fixed income data in all OTC cash bonds in all currencies, including rates, investment grade credit, high yield and local/hard currency emerging markets. As of June 2023 Glimpse had captured data on more than 26,000 unique ISINs across 36 currencies. The platform launched in May 2022 and the service currently has 27 asset managers signed up.
Key areas of interest include coverage of the more illiquid parts of the fixed income market e.g. high yield and local currency emerging markets as well as off-venue trading activity. In addition to the transactional data captured, metadata such as the venue of execution and trading protocol used (voice, portfolio, processed, auto-executed) are also captured and may be used to enhance a client's best execution process.
Benefits include, but not restricted to, Trade Cost Analysis, Best-Execution, Peer to Peer analysis, Portfolio optimisation, validation, verification, indexing, systematic/factor investing strategies, pre-trade price due diligence, quarterly counterparty reviews, market structure analysis, price transparency, venue analysis.