"This data is indisputable evidence of where these bonds trade in the market. If we are to present to the FO [Front Office] market color (Px talk, or covers) they are highly likely to remark. In fact, the FO's primary rebuttal when PC Vals presents an escalated variance will be for them to site where they see market color in their dealer runs"

- IPV head, Investment Bank , NY

"There are two types of data this service provides. Covers - This data source should be considered trade data and fall in the very top of hierarchy. Currently we are bound by the firm's trade blotter when searching for trades (unlike corporate bond price testing who can easily access TRACE data via BBG). This service will open up a new source of trade data and also will be considered independent of the FO (a point the external auditor has raised). Price Talk - During BWIC processes, dealers will publish where they believe specific bonds will trade in an upcoming auction. These are considered very valuable data points for our more unobservable positions which do not trade. The FO very often sites price talk when discussing variances"

- Product Control, Top tier bank, NY

"Thank you! It is very helpful, indeed... I just used a data point in an internal discussion on a challenge to the desk. Being able to say that "SCI reported a cover at (desk price -4)" was helpful"

- Senior Valuation Controller, 
Investment Bank, London