In a head to head test by a leading fund administrator, BCD had the best coverage relative to all its competitors. Coverage is the most important issue when it comes to evaluted pricing. What good is a pricing service if it doesn't cover your entire portfolio of securities? BCD coverage is second to none when it comes to US Municipal bond pricing. BCD prices 1.3 million Municipal bonds every day and have 9 years of daily price history for all securities we cover.
Coverage Second To None
100% Muni Market Coverage. In a head to head test by a leading fund administrator, BCD had the best coverage relative to all its competitors. Coverage is the most important issue when it comes to evaluted pricing. What good is a pricing service if it doesn't cover your entire portfolio of securities? BCD coverage is second to none when it comes to US Municipal bond pricing. BCD prices 1.3 million Municipal bonds every day and have 9 years of daily price history for all securities we cover.
When compared to actual trades for securities that haven't traded in more than 15 days, as well as, head to head quality tests relative to competitors, BCD consistently leads in pricing quality. It's important to note that quality is also greatly impacted by coverage. At BCD, we will not drop coverage on securities that are difficult or expensive to cover, even though we know this may improve our overal quality score.
At Best Credit Data, we are laser focused on creating the best possible evaluated pricing products. We strive to be the evaluated data source you use, regardless of your workflow or data platform. We are a data company laser focused on evaluated pricing and 100% of our investment goes into our evaluated pricing products.
Observation Based Pricing
Observation based pricing starts with collecting data (observations). BCD collects data from hundreds of different sources and through a robust and proprietary process we start to layer these data and relationships together. We collect transactional pricing data, bid-offer pricing data, positions data from government cash management and pension plans (state / federal / local), Insurance companies, ETF's, open and closed end mutual funds. We layer in relationship between bonds, issuers and sister bonds. Then, every day, with the information on hand for what happened today in the market, at 4pm we run our proprietary model which includes a weighted regression analysis to reconcile all of these observations into a single meaningful end of day price for all 1.3 million securities. Through this effort, we believe that our price is the most accurate to the true value of the security at that point in time.
Best Credit Data's detailed reporting includes the number of pricing points used for input, details on the type of pricing points – transactional or institutional, curve analysis and correlation analysis used. Reports also contain a BCD Confidence Quotient, which clearly distinguish the quality of each BCD pricing point and in turn helps you build a stronger analysis.
We use one of the most powerful data collection platforms, with the most powerful technologies in the world. Because of this, we can do more analysis and data checking prior to data delivery. This leads to better, more accurate and more timely data. Technology also allows us to provide better customer support by providing faster data samples to customers and vast improvements on the pricing challenge process.
With the most powerful computing technology at our fingertips, we deliver both prices and bond analytics (characteristics) in the same file. We can also create our analytics with customer pricing if that's of interest. Our vast cloud based model allows for very low cost and very high speed of calculations.
Best Credit Data, Inc. | 50 Milk Street 15th Floor, Boston, MA 02109 | 617.870.6100