Euroclear LiquidityDrive™

The challenge of fixed income liquidity information

Bond inventories, in particular for illiquid bonds, have sharply decreased due to heightened capital requirements.

Whilst MiFID II increases transparency requirements, MiFID data has not yet delivered material improvements in transparency nor the ultimate goal of fostering liquidity.

As a result, assessing actual asset liquidity remains elusive, particularly for the less liquid part of the market, where information scarcity compounds the overall fragmentation of available information.

This lack of reliable liquidity information impacts all business levels – trading, portfolio/asset allocation, compliance, through to the risk management/modelling level.


Overcoming the challenge with Euroclear LiquidityDrive™

Our dedicated liquidity information service provides you with high-grade and detailed settlement liquidity data on Fixed Income (FI) instruments.

You can use this data to:

Enhance your trading models

Build informed market strategies

Strengthen investment and research intelligence

Support your post-trade analysis and reporting


Why is post-trade data relevant?

As one of the largest Financial Market Infrastructures in the world, we process vast amounts of post-trade data.

This data can inform your pre-trade decisions and enrich your post-trade analyses by providing you with detailed and unique liquidity information.

Our post-trade data:

  • provides you with relevant insights into the liquidity of liquid and less liquid FI securities
  • helps you enhance your FI trading and execution strategies based on supply and demand taking into account liquidity considerations
  • complements your traditional sources of FI data
  • is based on actual executed trades
  • helps provide a view on concentration and holdings available for trading
  • aggregates the activity of a single security across the entire fixed-income trading flow

Key features of Euroclear LiquidityDrive™

To help you make informed trading decisions, LiquidityDrive gives you access to:

  • liquidity indicators reflecting activity and holdings across the Euroclear system
  • data that is platform and venue agnostic
  • information at individual ISIN level
  • broad instrument coverage: 460,000 Fixed Income ISINs including
        > 205,000 Eurobonds (XS)
        > 105,000 European domestic Fixed Income
  • transactions settled over the previous business day and due to settle over the next two days
  • historical information as from 1st of September 2018
  • comprehensive and reliable data obtained directly from our core settlement activity
  • targeted search criteria allowing you to obtain information about market segments
  • a view on the most liquid peer instruments – giving insight into possible substitute investments
  • details down to anonymised individual settlement transaction level 
  • a RESTful API for quick and seamless integration into your environment

Expert views

Is LiquidityDrive™ the right solution for my data needs?

Have you ever asked yourself any of these questions?

  • What is happening on the market?
  • Am I missing any short term trading signals?
  • How does my activity compare to the rest of the market?
  • How detailed is my post-trade execution reporting?
  • How liquid are individual assets within my portfolio?
  • How can I achieve a more accurate valuation of my less liquid assets?
  • How can I refine the evaluation of my risk profile?

If the answer is yes,
then LiquidityDrive™
is just what you need

Contact us

To find out more about LiquidityDrive™, contact your Relationship Manager or email us at eis@euroclear.com