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