Benchmark Solutions Expands Streaming Real-Time Pricing Coverage to Encompass 90% of TRACE Corporate Bond Volume

NEW YORK, Oct. 25, 2011 /PRNewswire/ -- Benchmark Solutions announced a significant increase in coverage for its flagship pricing solution, BMark Real-Time (SM) which now includes 90% of corporate bond volume monitored on TRACE (Trade Reporting and Compliance Engine), both investment grade and high yield issues, as well as 2,000 CDS curves across six most frequently traded tenors.

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Benchmark is the only producer of independent streaming prices for the fixed income and derivative markets. Their patent-pending Market Calibrated Framework (SM) technology analyzes millions of market inputs to create market derived prices with 10 second updates, reflecting the most up to date market value of corporate bonds and CDS.  The solution has been designed to give fixed income market professionals real-time insight into the factors governing price fluctuations and a radical increase in pre-trade intelligence for pricing less liquid securities. Over 50 companies ranging from large hedge fund and asset managers to regional dealers are currently working with Benchmark.

Benchmark CEO, Jim Toffey, said "The multi-trillion OTC fixed income markets is years behind the other markets when it comes to price transparency, with over 95% assets trading in the dark with little or no real-time price. This is a problem that Benchmark is helping to solve."

Benchmark recently showcased BMark Real-Time in Tampa, New York, and Boston to give participants an opportunity to demo the solution firsthand and learn more about how others are utilizing it to improve and streamline their current workflow.

For more information or to request an invitation to trial, visit www.benchmarksolutions.com

Press or media inquiries please contact: [email protected]

About Benchmark Solutions

Benchmark Solutions was founded in the wake of the credit crisis in September 2009 to address fundamental shortcomings in price transparency and independence in the fixed income and derivatives markets – a multi-trillion market that currently trades in the dark with little or no real-time pricing data for a majority of its assets. Backed by Warburg Pincus and led by CEO, Jim Toffey (Founder and CEO of Tradeweb), Benchmark has spent two years and significant financial investment in technology and human capital to solve this problem.

Benchmark's flagship solution creates the industry's first and only fully independent, streaming, market-driven pricing for US corporate bonds and CDS with ongoing expansion across other OTC asset classes.

Based on a patent-pending market-calibrated technology, the firm provides comprehensive pricing transparency and analytic solutions offering pre-trade intelligence to empower investment decisions and enhance their clients' daily workflows, helping them understand the true market value of assets, discover previously unseen buy/sell opportunities, and proactively manage risk in real-time.

Benchmark employs over 70 professionals in finance and technology and is headquartered in New York.

For more information, please visit www.benchmarksolutions.com

SOURCE Benchmark Solutions

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