Europe’s Bond Market Is Hamstrung by Big Data Flaws, Report Says

Europe’s fixed-income trading data is a mess and threatens to undermine regulators’ efforts to improve transparency and liquidity, according to an industry analysis.

Over two-thirds of records in early 2024 were missing crucial currency information, while a quarter lacked details on transaction quantities, according to the research by firms including FINBOURNE Technology. Close to 90% of over 150 million fixed-income transactions analyzed were duplicated, complicating the task of obtaining an accurate picture of market activities.

The findings come as Europe pushes to unify data generated from its fragmented bond trading venues into a single real-time price feed, called a consolidated ...