Asset management giant Invesco has become the latest firm to join Glimpse Markets, the data sharing service for investment managers, banks, brokers and market operators.
Karim Awenat, head of fixed income trading, London at Invesco says, “We are excited and looking forward with Glimpse to foster greater transparency in bond markets.”
Paul O’Brien, CEO of Glimpse Markets added, “I’m delighted to announce that Invesco are the latest asset manager to join the Glimpse data sharing network. Glimpse empowers the buy-side to rightly control and own the data they generate while also bringing much needed transparency to the bond markets. Our buy-side network is growing quickly and I’m excited to bring Glimpse to market very shortly.”
The platform will be launching early next year with at least a dozen asset managers contributing their trade data. In addition to Invesco, recent additions to the Founding Member group who will support the launch are Columbia Threadneedle, Carmignac and Quoniam.
The Glimpse model includes no membership fees for buy-side, and payment to buy-side firms for the data they contribute to the platform pro-rata, based on number of trades and total volume contributed. The firm reports that feedback to this model has been “overwhelmingly positive” as it flips the current model for financial data on its head. Typically, asset managers have to pay to access data which has been aggregated post-trade by third-party providers. Glimpse says it is trying to the empower the buy side by allowing it to control, own and monetise data it is generating.
©Markets Media Europe, 2021
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