The Karn Group

Fixed Income
Market Intelligence

Tracking Sector Yield Curves for Pre-Trade Pricing

TKG has created a rich set of municipal and credit market tools to automate the analysis of market activity. The real-time tools automate the complex process of real-time pricing and rich/cheap analysis for the municipal and credit markets. Market participants can now readily observe changes in term structure and spreads as they occur.

Market Intelligence Features:

Market Intelligence Features:

  • Analyzes markets in real-time for pre-trade price discovery.
  • Customizes user-defined market sectors using filters on bond characteristics.
  • Plots market activity by term and yield to visualize sector yield curve.
  • Generates yield curves automatically from trades in market sector.
  • Compares historical and current market sector yield curves.
  • Plots trades and sector yield curves as spreads to reference curves.


How are customers supported?

A subject matter expert is assigned as your primary support. In addition, you will have access to alternative support staff to ensure you can always get immediate support when needed. You will be provided with the email addresses and telephone numbers of all support personnel.

How is implementation managed?

A subject matter expert will lead your implementation. Experts in business requirements, data analysis and security will be involved at the appropriate stage to ensure a smooth and satisfactory experience.

How does TKG maintain data security?

Your data is secured both at rest and in transit. Data at rest is encrypted using either PGP, GPG or PKA. Data is transmitted to TKG using SFTP, SSH Web Services, VPN and dedicated telecommunications connections. TKG accepts fixed and delimited files, XML messages and FIX messages.

Does TKG support Single Sign On (SSO)?

TKG supports SSO with Security Assertion Markup Language (SAML) protocol. We can also implement custom SSO solutions to client specifications.

How is access managed and workflow documented?

TKG’s comprehensive entitlement system allows customers to control access to review and approve data and exceptions. In addition, all actions and entries are logged and automatically archived.

Can the system be customized?

Users can customize system parameters through the user interface. TKG can implement additional rules and features during system setup or later on an ad hoc basis.

What market data is used by the system?

TKG sources security master information, MSRB and FINRA reported last prints (municipal, corporate, agency bonds and structured products), ATS RFQs, offerings and situational bids, broker’s broker bids and bid stacks and US Government Bond prices.

What customer data file formats does TKG accept?

TKG recommends customers format data according to our file specification. Alternatively, TKG accepts a broad range of file formats from third parties, order management systems, clearing firms and customer internal systems.