Xtrakter has announced the launch of a mark to market valuation service called XM2M.

XM2M is the first in a series of new tailored information offerings from Xtrakter.

It allows inter-dealer brokers and market makers to ensure their securities are correctly valued. 

It provides subscribers with fixed income market prices (traded and quoted) sourced from over 150 financial institutions and selective reference data to assist them in determining the market value of their assets.

It is the first product to be created out of Xtrakter's new data warehouse. 

Kevin Milne, chief executive of Xtrakter, says: 'Over the last year, Xtrakter has invested heavily in the development of our information services department and our new data warehouse. We have been working closely with our clients to create a flexible data product that would meet the ever changing needs of the market. We aim to roll out more information products over the next six months.'

XM2M offers subscribers a range of new data capabilities such as data for mark-to-market and price testing calculations, 100% on demand (pay as you use), ISIN download service, data on over 600,000 securities, 10,000 daily quoted prices and 8,000 fixed income prices.