Using the latest approaches in AI, IBVAL
delivers high-quality pricing as fast as every 15 seconds across
the liquidity spectrum starting with USD, EUR and GBP credit
markets
NEW
YORK, April 16, 2024 /PRNewswire/ -- Bloomberg
today announced its innovative pricing solution, Intraday BVAL
(IBVAL) Front Office, now covers all EUR and GBP investment grade
and high yield credit bonds included in Bloomberg's flagship
Europe and UK credit indices, and
more. New contextual features have also been released giving
traders insight into IBVAL's pricing. This marks the latest
expansion of IBVAL, which launched in 2023 pricing USD credit
securities.
"As credit markets transition to more electronic trading,
there's increasing demand for rapid pricing insights, especially
for less liquid securities, to actively manage client portfolios,
develop credit algos, execute portfolio trades, and to inform
trading decisions more broadly," said Eric
Isenberg, Global Head of Enterprise Data Pricing at
Bloomberg. "The introduction of IBVAL pricing in Europe backed by contextual metadata provides
a new defensible price discovery channel for the world's largest
credit markets."
IBVAL uses an innovative machine learning model that consumes
billions of market data points from a variety of data sources to
deliver real-time pricing across the liquidity spectrum. Customers
receiving IBVAL through B-PIPE will also be able to view the
associated scores from Bloomberg's leading evaluated pricing
service, BVAL. This BVAL score is from 1 to 10 and reveals the
relative amount and consistency of market data used to calculate
the IBVAL price for a given security as of the most recent BVAL
snapshot. A lower score indicates there was less comparable market
data available to derive the IBVAL price. This can be an especially
powerful data point to help inform trading decisions when there's
limited information available about a given security.
Additional new features include I-spread and G-spread metrics
that publish alongside IBVAL pricing enabling traders to understand
the relative value analytics of the underlying bond prices. The
scores and relative value metrics are available for all of IBVAL's
global pricing providing traders with deeper insights into what
drives IBVAL pricing. IBVAL continues to be enhanced with new
features and expanded coverage to meet traders evolving
requirements.
IBVAL is available on the Bloomberg Terminal by loading a
security then selecting IBVL PCS as the preferred pricing source.
IBVAL is also available via Bloomberg's real-time market data feed,
B-PIPE, so clients can readily integrate intraday pricing data
across their enterprise. To learn more, click here.
About Bloomberg
Bloomberg is a global leader in
business and financial information, delivering trusted data, news,
and insights that bring transparency, efficiency, and fairness to
markets. The company helps connect influential communities across
the global financial ecosystem via reliable technology solutions
that enable our customers to make more informed decisions and
foster better collaboration. For more information,
visit Bloomberg.com/company or request
a demo.
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SOURCE Bloomberg