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.

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.