Rolled-out in 1Q 2020, Virtu’s eNAV ETF analytics tool offers real-time transparency for ETF valuations by calculating the bid and ask prices of ETFs based on their underlying components and/or proxy assets. As a complement, Composite+ combines both public (US TRACE) and proprietary
“We are excited that major ETF issuers understand and value the many benefits eNAV delivers,” said
Virtu’s eNAV supports a variety of trading functions including pre-trade price discovery and execution consultation, liquidity provision, post-trade transaction cost analysis, auto-execution and crossing. Coverage includes US-listed ETFs with domestic and international equities, commodity and fixed income holdings and can facilitate many use cases such as:
- Monitoring and analyzing real-time bid-ask prices (updated as underlying components do) as well as real-time fair value pricing for ETF components trading outside of US time zones
- Quote size analysis of both ETF secondary market liquidity and underlying component liquidity that demonstrates in much greater detail depth of market for each ETF
- Profiling liquidity and comparing ETFs with same investment objectives
“We are excited to leverage our award-winning data product, Composite+ as part of our partnership with Virtu to bring real-time pricing accuracy and transparency to the fixed income ETF marketplace” said
The eNAV ETF streaming product featuring MarketAxess Composite+ is accessible via Virtu’s online client Portal which includes access to a streaming API.
About Virtu is a leading provider of financial services and products that leverages cutting-edge technology to deliver liquidity to the global markets and innovative, transparent trading solutions to its clients. Leveraging its global market making expertise and infrastructure, Virtu provides a robust product suite including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. Virtu’s product offerings allow clients to trade on hundreds of venues across 50+ countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income and myriad other commodities. In addition, Virtu’s integrated, multi-asset analytics platform provides a range of pre and post-trade services, data products and compliance tools that clients rely upon to invest, trade and manage risk across global markets. For more information, please visit www.virtu.com or contact info@virtu.com. | About For more information, please visit www.marketaxess.com. |
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2020 GlobeNewswire, Inc., source