IBVAL expands pricing coverage to clients trading liquid assets around the world and around the clock
Bloomberg today announced the expansion of its innovative AI-powered pricing solution, Intraday BVAL (IBVAL) Front Office , to include coverage of emerging market debt securities. The new solution provides greater price transparency across some of the most liquid international bond markets. As part of this expansion, Bloomberg will also extend IBVAL pricing coverage to 22 hours a day, five days a week, covering the most actively traded securities.
The inclusion of emerging market securities enables traders on both sides of the market — buy-side and sell-side — to integrate automated pricing into their trading workflows in new markets and execute trades with greater confidence, resulting in better outcomes.
IBVAL currently provides near real-time pricing for over 95% of US dollar-denominated emerging market bonds—including corporate and sovereign bonds—as well as euro and sterling-denominated emerging market corporate bonds. This expands IBVAL’s coverage universe to approximately 6,000 bonds, including issuers from 98 countries across LatAm, EMEA and APAC. Specific countries include Mexico, Brazil, Chile, UAE, Turkey, Saudi Arabia, China, South Korea, Indonesia and others.
According to Eric Isenberg , Head of Enterprise Data Pricing at Bloomberg , “As global traders evaluate opportunities to generate alpha and improve execution in international fixed-income markets, demand is growing for more real-time pricing information that brings greater transparency to their trading flows.” Isenberg further comments that “These expansions bring IBVAL’s high-quality, AI-driven pricing insights to some of the most liquid international bond markets, giving buy-side and sell-side traders across time zones greater confidence in their decisions and execution outcomes.”
Emerging market bonds represent the latest expansion of IBVAL, which launched in 2023 to price dollar-denominated credit securities and expanded its coverage to all investment grade and high yield euro- and pound-denominated credit securities the following year. Using a machine learning model developed to handle the intricacies of billions of ticks of market data, IBVAL delivers high-quality pricing in time intervals as short as 15 seconds, covering the entire liquidity spectrum.
IBVAL is available on the Bloomberg Terminal by simply loading an asset and selecting IBVL PCS as the preferred pricing source. IBVAL is also available via B-PIPE, Bloomberg’s real-time market data feed, allowing clients to easily integrate intraday pricing data into their corporate systems. To learn more, click here or visit {IBVL <GO>}.
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