Glimpse Markets and Wave Labs extend relationship with new strategic partnership

Wave Labs will provide access to a free web-based dashboard which can be used to view and analyse live and historical buy-side trade data shared over Glimpse’s network.

Buy-side data pooling network Glimpse Markets and Wave Labs have formed a strategic partnership in which the latter will provide Glimpse’s clients with access to a free web-based dashboard.

The move will allow clients to view and analyse the live and historical buy-side trade data that has been shared over the Glimpse network.

Glimpse launched its data sharing network in June, with a selection of asset managers sharing their trade data globally on a ‘give to get’ basis.

The firm stated that data on approximately 10,000 unique ISINs has been shared, with this number expected to increase as more buy-side are onboarded and as product coverage broadens.

“Glimpse and Wave Labs are aligned in their belief that increasing transparency and reducing data costs are good for the market and end investors and we’re excited to collaborate and play our part to improve the ecosystem.”

“Our partnership with Wave Labs provides Glimpse clients with an additional layer of flexibility and allows them to dig deeper into the data that has been shared on the network to extract more value and unique insights,” said Paul O’Brien, founder and chief executive of Glimpse markets.

“Glimpse is free for all buy-side asset managers, with access to this new analytics dashboard also provided for free, further helping us achieve our objectives of levelling the playing field, reducing data costs and democratising access to financial data.”

Ahead of Glimpse Market’s roll out in June, Wave Labs integrated data from the firm into its Electronic Liquidity Seeking Application (eLiSA) credit trading system. The two-way integration allows users of the eLiSA to leverage Glimpse’s European buy-side contributed trades data while also contributing to the network themselves.

Speaking to The TRADE about the latest partnership, Miles Kumaresa, founder and chief executive of Wave Labs, said: “We’re collaborating to dramatically increase market transparency by making essential trade data available in an immediately useful format to all buy-side firms at zero cost.

“Glimpse and Wave Labs are aligned in their belief that increasing transparency and reducing data costs are good for the market and end investors and we’re excited to collaborate and play our part to improve the ecosystem.”

Glimpse Markets and Wave Labs have both been shortlisted for The TRADE’s Outstanding Innovation in Fixed Income, Editors’ Choice Award 2022. You can view their entire shortlist here.

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