Bloomberg Expands IBVAL Front Office Pricing To Europe Backed By Contextual Metadata For Greater Transparency

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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/bloomberg-expands-ibval-front-office-pricing-to-europe-backed-by-contextual-metadata-for-greater-transparency-302116423.html

SOURCE Bloomberg

First published on Tue, Apr 16, 2024

Enjoyed what you read? Great news – there’s a lot more to explore!

Dive into our content repository of the latest tech news, a diverse range of articles spanning introductory guides, product reviews, trends and more, along with engaging interviews, up-to-date AI blogs and hilarious tech memes!

Also explore our collection of branded insights via informative white papers, enlightening case studies, in-depth reports, educational videos and exciting events and webinars from leading global brands.

Head to the TechDogs homepage to Know Your World of technology today!

Disclaimer - Reference to any specific product, software or entity does not constitute an endorsement or recommendation by TechDogs nor should any data or content published be relied upon. The views expressed by TechDogs' members and guests are their own and their appearance on our site does not imply an endorsement of them or any entity they represent. Views and opinions expressed by TechDogs' Authors are those of the Authors and do not necessarily reflect the view of TechDogs or any of its officials. While we aim to provide valuable and helpful information, some content on TechDogs' site may not have been thoroughly reviewed for every detail or aspect. We encourage users to verify any information independently where necessary.

Tags:

Bloomberg Financial Technology IBVAL AI Contextual Metadata

Join The Discussion

Amber Implants Appoints Vincent Gards As Chief Executive Officer To Drive Commercial Launch Of Vcfix Spinal System

Canon Announces EOS R6 Mark III Mirrorless Camera And RF 45Mm F1.2 STM Lens; Youtube First Look Video And Live Stream At B&H

Aduna And Zain's Dizlee Partner To Accelerate Network API Commercialization Across MENA

Citi Appoints Fredrik Magnusson As Head Of Nordics Commercial Banking

Corero Network Security Builds On Q3 Execution With Major Q4 Wins And Product Breakthroughs