Best online fixed income research: JPMorgan
Highly commended: Goldman Sachs
JPMorgan provides all its fixed-income analytics and research through MorganMarkets. The bank continues to blur the lines between research and analytics and MorganMarkets is distinguished by easy access to a range of research reports and views, and live benchmark prices and charting.
The bank redesigned DataQuery, its powerful, web-based data engine, in 2003. DataQuery was already popular with clients for its flexibility – users can plot pretty much any asset against any other asset or sector performance measurement – and is still as impressive but more straightforward to navigate. In addition, individual pieces of credit research are more easily saved and managed. Users can now import data straight from DataQuery into their own spreadsheets, and mark portfolios to market with DataQuery prices.
Other impressive tools include JPMorgan’s emerging markets custom index builder and its Rock-Bottom Relative Value tool, a calculator that lets clients use the bank’s proprietary framework to assess different issuers and bonds.
JPMorgan’s new CreditMap is a heat map giving a fully customizable view of the credit markets. Fed by live JPMorgan prices, users can choose whether to view by month-to-date or year-to-date, and can move straight from the CreditMap to relevant research, to DataQuery’s analytics, or to JPMorgan’s trade execution page.