BVAL

Bloomberg Launches Front Office Pricing Solution, Providing Greater Visibility into Fixed Income Trading

Retrieved on: 
Tuesday, October 17, 2023

NEW YORK, Oct. 17, 2023 /PRNewswire/ -- Bloomberg today announced that Intraday BVAL (IBVAL) Front Office is now available to Bloomberg Terminal customers, as well as users of Bloomberg's real-time streaming market data feed, B-PIPE. IBVAL Front Office is a new offering, distinct from but complementary to Bloomberg's leading evaluated pricing service, BVAL, that uses a machine learning model designed to handle the intricacies of consuming billions of ticks of market data to produce frequent pricing for real-time trading decisions.

Key Points: 
  • "Credit markets have evolved dramatically in the last few decades through the introduction of electronic trading and the consequent introduction of portfolio trading, fixed income ETFs, and credit algos.
  • To support these trading strategies, firms require more high-quality pricing data, and they need it faster than ever," said Tony McManus, Global Head of Enterprise Data at Bloomberg.
  • "We launched IBVAL Front Office to provide customers with timely pricing data that easily integrates into their trading and pricing execution workflows, so they can operate faster in increasingly automated fixed income markets."
  • IBVAL Front Office pricing is available on the Bloomberg Terminal by loading a security then selecting IBVL PCS as the preferred pricing source.

Bloomberg to Pay $5 Million for Misleading Disclosures About Its Valuation Methodologies for Fixed Income Securities

Retrieved on: 
Monday, January 23, 2023

Washington, D.C.--(Newsfile Corp. - January 23, 2023) - The Securities and Exchange Commission today announced settled charges against Bloomberg Finance L.P. (Bloomberg) for misleading disclosures relating to its paid subscription service, BVAL, which provides daily price valuations for fixed-income securities to financial services entities.

Key Points: 
  • Washington, D.C.--(Newsfile Corp. - January 23, 2023) - The Securities and Exchange Commission today announced settled charges against Bloomberg Finance L.P. (Bloomberg) for misleading disclosures relating to its paid subscription service, BVAL, which provides daily price valuations for fixed-income securities to financial services entities.
  • “This matter underscores that we will hold service providers, such as Bloomberg, accountable for misrepresentations that impact investors.”
    The SEC’s order finds that Bloomberg violated section 17(a)(2) of the Securities Act.
  • Without admitting or denying the findings, Bloomberg agreed to cease and desist from future violations and to pay a $5 million penalty.
  • The SEC’s order notes that Bloomberg voluntarily engaged in remedial efforts to make improvements to its BVAL line of business.

Bloomberg's Tradeable Trackers will Advance Innovation in the Fixed Income Markets

Retrieved on: 
Thursday, June 23, 2022

NEW YORK , June 23, 2022 /PRNewswire/ -- Bloomberg announced today the impending launch of Tradeable Trackers, a suite of tradeable indices based on the Bloomberg Fixed Income Indices ("Bloomberg Indices"). 

Key Points: 
  • NEW YORK, June 23, 2022 /PRNewswire/ -- Bloomberg announced today the impending launch of Tradeable Trackers, a suite of tradeable indices based on the Bloomberg Fixed Income Indices ("Bloomberg Indices").
  • The Tradeable Trackers will also support innovation in the fixed income derivatives market via the development of standardized and listed products.
  • These new indices will expand Bloomberg's comprehensive fixed income and derivatives offerings, and will provide clients with the ability to easily gain exposure to these markets.
  • Tradeable Trackers will provide market participants with the ability to hedge their portfolios with capital efficiency while deepening the liquidity in the secondary fixed income markets.

Bloomberg Launches Price Transparency Data Solution Targeting SEC Rule 2a-5

Retrieved on: 
Thursday, May 12, 2022

NEW YORK, May 12, 2022  /PRNewswire/ -- Bloomberg today announced the launch of a new Price Transparency Data Solution aimed at helping clients tackle the regulatory challenges presented by SEC Rule 2a-5's requirements for readily available market quotations. This data solution is powered by BVAL, Bloomberg's evaluated pricing service, and is part of a growing portfolio of data points helping clients further understand the nature, composition and depth of BVAL prices.

Key Points: 
  • NEW YORK, May 12, 2022 /PRNewswire/ --Bloomberg today announced the launch of a new Price Transparency Data Solution aimed at helping clients tackle the regulatory challenges presented by SEC Rule 2a-5's requirements for readily available market quotations.
  • These new Bloomberg Data License fields provide inputs to help clients assess and apply new SEC Rule 2a-5 's requirements for readily available market quotations.
  • Bloomberg's new data solution uses this data to deliver a robust set of indicators to help users in their assessment of their obligations under SEC Rule 2a-5.
  • "BVAL's comprehensive price transparency data fields and our detailed rule engines enabled us to design a data solution to help clients' compliance and legal teams adapt to this rule's requirements for readily available market quotations."

PFM Selects Bloomberg's Municipal AAA and Sector Curves for Transaction Management and Bond Pricing

Retrieved on: 
Tuesday, May 10, 2022

NEW YORK, May 10, 2022 /PRNewswire/ -- Bloomberg today announced that PFM, the nation's largest independent financial advisor, has selected Bloomberg's evaluated pricing service BVAL, as the primary source to guide their municipal bond advisory model. PFM will use BVAL's AAA Municipal Curves for transparent and objective municipal market information to streamline the financing process for clients.  

Key Points: 
  • PFM will use BVAL's AAA Municipal Curves for transparent and objective municipal market information to streamline the financing process for clients.
  • "We are proud to support PFM and provide their business and clients with high quality municipal curves to help inform their decision making and advisory business."
  • BVAL supplies independent and transparent evaluated pricing daily for over 2.5 million securities, including nearly one million municipal prices.
  • PFM Financial Advisors LLC ("PFM") was founded in 1975 to provide independent financial advisory services to the public sector.

Versana, Founded by Top Global Banks, Launches to Transform the $5T Syndicated Loan Market

Retrieved on: 
Wednesday, March 16, 2022

NEW YORK, March 16, 2022 /PRNewswire/ -- Versana today announced its plans to launch a leading-edge, industry-backed syndicated loan platform, joining together banks, institutional lenders and their service providers to bring transparency, efficiency and velocity to this $5 trillion market.

Key Points: 
  • "I am excited to lead this venture to transform the syndicated loan market, a true game-changer in an area of finance that has lagged in technology and innovation," said Sachs.
  • The $5 trillion syndicated loan market is poised for significant growth, particularly during inflationary times when interest rates typically rise and market participants turn to floating rate financial products.
  • Dan Wilkening, Chief Administrative Officer, Commercial Banking and Head of Global Services at JPMorgan Chase: "We're proud to be a leader in transforming the industry's syndicated loan market.
  • With the support of our investors, Versana is fast becoming the technology of choice to usher in the long-awaited transformation of the syndicated loan market.

KANERAI Named Best CLO Valuation Service Provider in CreditFlux CLO Census

Retrieved on: 
Tuesday, January 11, 2022

KANERAI, a global provider of structured finance investment analytics and enterprise data solutions, is pleased to announce it was named Best CLO Valuation Service via Bloomberg in the largest CreditFlux CLO Census to date.

Key Points: 
  • KANERAI, a global provider of structured finance investment analytics and enterprise data solutions, is pleased to announce it was named Best CLO Valuation Service via Bloomberg in the largest CreditFlux CLO Census to date.
  • Each year, CreditFlux surveys investors, collateral managers, bankers, traders, and service providers on key issues affecting the market and highlights the industrys preferred service providers.
  • KANERAI's Collateralized Loan Obligation (CLO) pricing methodology provides highly defensible valuations for CLOs backed by corporate loans and bonds.
  • In addition to being voted Best CLO Valuation Service Provider, KANERAI was recognized as a leading provider for CLO Analytics, Portfolio Management, and Secondary CLO Platform.