Ahead of the Curve: SQX Q2 Review

We’ve reached the halfway point of 2024! The past three months have been very busy for SQX. Let’s take a look at what we’ve been up to in Q2.

Expanded Muni Bond API Gateway

This quarter, we’ve expanded our municipal bond API gateway like never before. Our updates have enhanced the API gateway’s ability to handle large volumes of identifiers efficiently, significantly boosting speed and responsiveness. As we move into the second half of 2024, SQX is working to expand API access for our other products as well. Many of our products have entered the testing phase already!

Launched SQX Alts

In April 2024, SQX officially launched SQX Alts, a new web platform for alternative investments news and information. SQX Alts delivers daily articles on the world of alternative investments, offering relevant, timely updates about the news that interests alts investors.

Additionally, SQX Alts features a detailed database of alternative investments information, alongside a directory of sponsors, publicly-issued securities, and news articles relevant to specific sponsors.

Our journey with SQX Alts is just beginning. We believe this website will become the go-to resource for anyone in the alts world, whether they’re an investor, asset-manager, custodian, issuer, or sponsor. We’re very excited for what’s ahead—stay tuned for future updates as SQX Alts grows and evolves!

New Alts Manager: Chris Lapeyre

Chris Lapeyre, our senior project manager, has taken on a new role: alternative investments team leader! With Chris at the helm, our alts pricing process has become more precise and efficient than ever before.

In Q2, we’ve solidified our alts process to better provide issuer-quoted information related to FINRA 2231(c). SQX provides coverage for the full universe of alternative investments, including privately-issued securities. We’re excited to watch this product grow under Chris’ leadership!

Corporate Bond Pricing for SQX Bonds

In Q2, SQX has continued to supply evaluated corporate bond pricing to SQX Bonds (formerly known as Shibui Markets)—a new web app for retail fixed-income investors. On a daily basis, SQX provides the SQX Bonds database with daily-updated pricing data on over 170,000 securities, including structured notes.

SQX Bonds’ open-access database displays SQX’s data to retail investors, providing them with free access to daily pricing updates, market yields, and historical price data. While this information was previously difficult for retail investors to access (or was locked behind a paywall), SQX Bonds makes SQX’s institutional data available to investors around the world.

Expanding University of Chicago Partnership

In partnership with the University of Chicago, SQX muni evaluations are in the process of becoming available for graduate research. The University of Chicago is launching a portal where graduate students can access financial market data to support their research projects. Once details are finalized, SQX municipal bond data (as well as the bid/offer stack from our sister company MBIS) will be available on this portal.

SQX municipal pricing data is calculated with our transparent waterfall approach, utilizing a wealth of market and pre-market data. We’re excited for the chance to expand our University of Chicago collaboration, which not only supports academic research but also highlights the practical applications and value of municipal bond evaluations in the financial sector.

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