7 Chord & Dewey Empower Academics with Intraday Corporate Bond Pricing & Liquidity Data

Dewey is thrilled to announce our latest data partner: 7 Chord! 7 Chord’s Top Liquid Bond Prices and Liquidity Indicators product is now available to Faculty, Student, and Group subscribers of Dewey.

“Bond market is being transformed by electronification and is undergoing fundamental changes in market structure. These changes are fascinating to study and bring many important regulatory policy questions. Academic research provides an independent unbiased assessment of the need for and the impact of such new regulation. It’s our duty to empower academia with data, so their voice can be heard.” - Kristina Fan, CEO, and Co-Founder of 7 Chord Inc.      

Who is 7 Chord?

BondDroid AI, 7 Chord’s real-time dynamic pricing engine, produces an intraday feed of bid-ask prices, spreads, and liquidity indicators for USD-denominated bonds, providing unparalleled access to intraday prices and spreads for thousands of individual instruments. They also enrich their data with valuable issuer, benchmark, and liquidity metrics that are traditionally tough to track down. 7 Chord data has a host of economic research applications and can provide deep insight into complex topics like market volatility, corporate defaults, market structure, liquidity, the impact of regulatory policy, price transparency, and the effect of rising interest rates on corporate bond yields.  

What type of data does 7 Chord have?

Now available to Dewey platform subscribers is 7 Chord’s Top Liquid Bond Prices and Liquidity Indicators product. This data is a professional grade feed of intraday bid-ask prices, spreads, and liquidity indicators for the most liquid USD-denominated High Grade, High Yield, and EM Sovereign bonds, enriched with market consensus T-benchmarks and essential bond and issuer information. 7 Chord data is available for over 98 countries, dating from January 2012 up through the present.

7 Chord’s dataset is one of the few intraday pricing feeds with 10 years of history free of survivorship bias, as it includes levels of now defaulted and inactive bonds. It is equipped with timestamps up to a millisecond.

Finally, 7 Chord’s data feed includes option-adjusted spreads generated using institutional-grade quantitative libraries and reference data that allow comparing different bonds on an apples-to-apples basis.

How can I access 7 Chord data for academic research?

If you are a Faculty, Student, or Group subscriber of Dewey, you already have access to 7 Chord data via the marketplace. 

Not subscribed yet? Get in touch here to learn more about your options for accessing data from 7 Chord and other third party providers.

Questions about 7 Chord

Questions about 7 Chord data? Or just curious about what others are using it for? Check out the latest discussion in the Dewey community by searching tag 7-Chord.