FRI Corp. has extended the North American coverage of its Securities Information Services with the launch of its new fixed-income securities database covering prices and corporate actions for tens of thousands of U.S. corporate bonds.
“Extending our services to include U.S. corporate bond coverage responds to requests from our U.S.-based customers. We expect that our new fixed-income database also will attract a lot of interest from European and Asian institutions with significant U.S. holdings,” said Eligio Gaudio, FRI’s chief executive officer.
The firm’s pricing data is used to satisfy the securities valuation requirements of regulators, money managers, investment managers, pension fund administrators, global custodians, insurance companies, mutual funds and government agencies.
FRI’s US and Canadian fixed-income coverage includes treasury, government agency, municipal, state/provincial, corporate, private placements, distressed bonds, medium-term notes, bank paper, money markets, strips, and mortgage-backed securities. All fixed income valuations are independent FRI-authored prices.
Equity coverage includes all listed common, partially paid, preferred, warrants, rights, trust units, and mutual funds.
FRI’s Securities Information Services provide both end-of-day pricing services — available after markets close, and intra-day pricing services — as required by the mutual fund industry to calculate their Net Asset Values (NAV) for publication deadlines.