SQX and Investortools: Market-Driven Data for Millions of Municipal Securities

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This article was originally published by Investortools.

Pricing municipal bonds can be notoriously hard to do at scale, creating challenges for portfolio managers, compliance officers, and firms managing diverse portfolios.

Enter SQX, a leading pricing and analytics provider for fixed-income markets. Since 2017, Investortools has partnered with SQX to offer clients access to end-of-day portfolio pricing for nearly one million municipal securities.

“Investortools is the perfect partner to showcase our evaluated muni bond prices,” said Tim Tatum, CEO of SQX. “Our goal is to ensure that financial professionals receive the high-quality, trusted data needed to navigate the complexities of today’s fixed-income landscape.”

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Market-Driven Data

For greater transparency and accuracy, SQX bases its pricing on real market data from Municipal Bond Information Services (MBIS). SQX’s proprietary pricing engine evaluates daily quotes, trades, yield curves, reference information, and peer bonds to produce both daily and intraday pricing updates.

Each price is supported by detailed input data, intermediate values, and other reference points, giving institutions the clarity they need to better manage risk and meet regulatory requirements.

By emphasizing a market-driven approach rather than solely relying on traditional bootstrapping, interpolation, or matrix pricing, SQX delivers more actionable and timely evaluations. This focus on current market conditions can help financial institutions reduce risk, improve accuracy, and strengthen their investment strategies.

“SQX has been a trusted partner in our ongoing mission to bring clarity and transparency to the municipal bond market,” says James Morris, Senior Vice President and Head of Sales at Investortools. “Their pricing solutions integrate seamlessly with our platform and uphold the high standards our clients expect, empowering confident and more informed decision making.”

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About Investortools

For more than four decades, Investortools has been a leading SaaS provider of solutions regarded by the industry as a prerequisite for fixed-income investment management. Its comprehensive product suite covers portfolio, order, and execution management, performance analytics, 2a-7 compliance, and credit analysis. Trusted by over 200 firms managing more than $1 trillion in assets, Investortools supports SMA managers, fund managers, broker-dealers, and other key market participants.

About SQX

Securities Quote Xchange (SQX) is a financial data vendor that specializes in gathering and distributing difficult-to-price security quotes for the investment industry. SQX's coverage includes municipal bonds, fixed-income securities, structured notes, alternative investments, yield curves, and derivative data. SQX distinguishes itself with responsive customer service, informational transparency, affordable costs, and secure data delivery via SFTP or API. To learn more about SQX's data coverage, contact us.

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