IBVAL Front Office
Intraday pricing, better trading
The front office relies on a steady stream of pricing data to evaluate the intraday performance of indices, assess and recalibrate portfolio valuations, automate trade parameters and more.
Intraday BVAL (IBVAL) Front Office supports the need for more frequent pricing data and provides greater visibility into indices, portfolio management, ETF trading and automated trading. With pricing as fast as every 15 seconds on a growing universe of approximately 45,000 for the USD, GBP, and EUR credit markets, IBVAL Front Office helps firms make more informed decisions in increasingly automated fixed income markets.
Rapid, reliable pricing across the liquidity spectrum
Speed
15 seconds between pricing
Coverage
~ 45,000 corporate securities
Accuracy
Billions of market data points feeding pricing
How it works
IBVAL Front Office consumes billions of market data points from a variety of sources, including TRACE, contributed quotes and trades, and more. The data is then fed through a machine learning model to provide intraday pricing across the liquidity spectrum. Pricing is systematically monitored throughout the day to address outliers, spikes, drifts, and jumps in price, ensuring quality results.
How to access
IBVAL Front Office is available on the Bloomberg Terminal via (IBVL) PCS and for delivery through Bloomberg’s real-time market data feed, B-PIPE.
Enhanced portfolio trading & ETF trading
IBVAL Front Office is crucial for actively managing client portfolios, particularly for instruments like ETFs. It enables real-time decision-making, minimizes tracking errors, and enhances transparency, making it easier to optimize portfolio performance throughout the day. IBVAL Front Office is integrated with Bloomberg trading platforms for seamless trade execution.
Market making advantage
IBVAL Front Office enables market makers to scale their operations and quote more bonds. It serves as a baseline price that dealers can adjust based on current risk and other factors, supporting their market-making activities and trade decisions.
Support for automated trading
For algorithmic and automated trading strategies, IBVAL Front Office serves as a reliable and quality intraday pricing source. This is critical for executing automated trades efficiently, incorporating factors like time, price and volume into pre-programmed trading rules.
Improved pre-trade analytics
IBVAL Front Office addresses challenges in the fixed income market, including fragmented liquidity and limited pre-trade transparency. By providing accurate and more frequent pricing data, it enhances pre-trade analysis, enabling investors to make more informed decisions. This can potentially lead to lower transaction costs, improved liquidity and increased participation in the markets, benefiting both current market makers and new liquidity providers.
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The data included in these materials are for illustrative purposes only. The BLOOMBERG TERMINAL service and Bloomberg data products (the “Services”) are owned and distributed by Bloomberg Finance L.P. (“BFLP”) except (i) in Argentina, Australia and certain jurisdictions in the Pacific Islands, Bermuda, China, India, Japan, Korea and New Zealand, where Bloomberg L.P. and its subsidiaries (“BLP”) distribute these products, and (ii) in Singapore and the jurisdictions serviced by Bloomberg’s Singapore office, where a subsidiary of BFLP distributes these products. BLP provides BFLP and its subsidiaries with global marketing and operational support and service. Certain features, functions, products and services are available only to sophisticated investors and only where permitted. BFLP, BLP and their affiliates do not guarantee the accuracy of prices or other information in the Services. Nothing in the Services shall constitute or be construed as an offering of financial instruments by BFLP, BLP or their affiliates, or as investment advice or recommendations by BFLP, BLP or their affiliates of an investment strategy or whether or not to “buy”, “sell” or “hold” an investment. Information available via the Services should not be considered as information sufficient upon which to base an investment decision. The following are trademarks and service marks of BFLP, a Delaware limited partnership, or its subsidiaries: BLOOMBERG, BLOOMBERG ANYWHERE, BLOOMBERG MARKETS, BLOOMBERG NEWS, BLOOMBERG PROFESSIONAL, BLOOMBERG TERMINAL and BLOOMBERG.COM. Absence of any trademark or service mark from this list does not waive Bloomberg’s intellectual property rights in that name, mark or logo. All rights reserved. ©️ 2025 Bloomberg.
BVAL, IBVAL and BVAL Derivatives (collectively, “BVAL”) are services provided by Bloomberg Finance L.P. and its affiliates (“Bloomberg”). BVAL valuations do not express an opinion on the future or projected value of any instrument and are not investment recommendations (i.e., recommendations as to whether or not to “buy,” “sell,” “hold,” or to enter or not to enter into any other transaction involving any specific interest), a recommendation as to an investment or other strategy, or commodity trading advice. No aspect of the BVAL valuation or other data is based on the consideration of a customer’s individual circumstances and information available via BVAL should not be considered as information sufficient upon which to base an investment decision. Customers should determine on their own whether they agree with BVAL valuations. BVAL may not be available in certain jurisdictions. BVAL is not recognized or licensed as an official pricing provider in any jurisdiction, and should not be relied upon to comply with any laws or regulations that prescribe the use of prices issued by authorized pricing providers. BVAL should not be construed as tax, accounting, legal or regulatory advice or opinions, or sufficient to satisfy any tax, accounting, legal or regulatory requirements. Customers are solely responsible for the selection and use of appropriate parameters, inputs, models, formulas and data for meeting their tax, accounting, legal or regulatory requirements. Bloomberg believes that the information it uses in providing the BVAL services comes from reliable sources, but does not guarantee BVAL’s accuracy. Employees involved in the BVAL services may hold positions in the securities included in the BVAL services.
BVAL valuations may include indices, rates or other values (collectively, “Values”) that could be considered ‘benchmarks’ under the EU and/or UK benchmark regulation and/or similar regulation (collectively, “BMR”) if used in a regulated manner. Customers may not use Values in any manner that could be construed as regulated ‘use’ as a benchmark under the BMR (including to determine the value of financial instruments, to measure the performance of an investment fund for the purpose of tracking the return of such Value, to define the asset allocation of a portfolio, or to compute performance fees) unless such Values are administered by an authorized or registered administrator of such Values under the BMR. Among Bloomberg and its affiliates, only Bloomberg Index Services Limited (BISL) is an authorized or registered administrator of such Values under the BMR. BISL and Additional Data providers of such Values may require direct licensing with customers depending on customers’ use.