Report

Fixed Income Evaluations Vendor Benchmark Study 2025

A data-driven comparison of pricing vendor accuracy and market coverage

Selecting the right pricing vendor is critical to accurate valuations, reliable NAVs and confident risk decisions. SS&C’s ninth Fixed Income Evaluations Vendor Benchmark Study provides an independent, data-driven assessment of market coverage and pricing accuracy across nine leading providers.

This year’s study analyzes approximately 340,000 trades and 25,000 unique securities, offering a detailed view of vendor performance across corporate credit, sovereign bonds, agency debt, structured credit and leveraged loans.

What the study covers:

  • Independent comparison of nine major fixed income and loan pricing vendors, including new entrant Confluence.

  • Market coverage and pricing alignment metrics across 34 instrument types based on real transaction data.

  • Insights to support vendor selection, valuation governance and NAV accuracy across complex and illiquid markets.

Download the study to benchmark vendor performance and strengthen your valuation strategy.