Bloomberg's Innovative AI Solution Expands Pricing for Emerging Market Bonds
In a significant enhancement to its capabilities, Bloomberg has announced that its AI-powered pricing solution, known as the Intraday BVAL (IBVAL) Front Office, will now include emerging market bonds. This move aims to provide greater pricing transparency for some of the most liquid international bond markets. As of May 6, 2025, the IBVAL will be operational 22 hours a day, five days a week, allowing traders to access crucial pricing data for the most actively traded securities.
By integrating emerging market bonds into its pricing portfolio, Bloomberg is equipping both the buy-side and sell-side traders with the tools necessary to seamlessly incorporate automated pricing into their trading workflows across a wider range of markets. This integration is pivotal for enhancing traders' confidence when executing trades, thereby leading to improved outcomes.
The newly added features mean that the IBVAL will now offer near real-time pricing for over 95% of USD-denominated emerging market bonds, which includes both corporate and sovereign bonds. Additionally, the service extends to cover Emerging Market EUR and GBP Corporate Bonds. With this expansion, the coverage will now encapsulate approximately 6,000 new bonds from issuers located in 98 countries across the Latin America (LatAm), Europe, Middle East, and Africa (EMEA), as well as the Asia-Pacific (APAC) regions.
Notable countries included in this expanded coverage are Mexico, Brazil, Chile, the United Arab Emirates (UAE), Turkey, Saudi Arabia, China, South Korea, and Indonesia, among others. Eric Isenberg, Head of Enterprise Data Pricing at Bloomberg, highlighted that the increased demand for real-time pricing insights is essential for traders looking to unlock alpha and enhance execution in international fixed income markets. The expanded IBVAL service not only meets this need but also enhances the transparency of trading workflows, providing valuable insights that traders can rely upon when making decisions.
The IBVAL pricing model originally launched in 2023 with a focus on USD credit securities and subsequently expanded in 2024 to include all EUR and GBP investment-grade and high-yield credit bonds. Leveraging cutting-edge machine learning technology, IBVAL is designed to analyze vast amounts of market data, providing high-quality pricing as frequently as every 15 seconds. This speed and accuracy are critical for traders navigating the complexities of global markets.
Accessing IBVAL is straightforward for users of the Bloomberg Terminal; by loading the security and selecting IBVL PCS as the preferred source, traders can quickly obtain the latest pricing information. Furthermore, clients can also utilize Bloomberg’s B-PIPE, a real-time market data feed, to seamlessly integrate intraday pricing data throughout their organizations. This accessibility ensures that traders can make informed decisions based on the most current market information.
As Bloomberg continues to innovate and adapt to the evolving needs of traders around the world, the expansion of the IBVAL Front Office reflects a commitment not only to enhancing user experience but also to fostering more efficient trading environments globally. With increasing globalization of financial markets, the importance of such comprehensive pricing solutions cannot be overstated. They empower traders, enhance market efficiency, and ultimately contribute to more stable financial systems worldwide. To learn more about this innovative solution, users can visit Bloomberg.com or explore related tools directly through the Bloomberg Terminal.
By integrating emerging market bonds into its pricing portfolio, Bloomberg is equipping both the buy-side and sell-side traders with the tools necessary to seamlessly incorporate automated pricing into their trading workflows across a wider range of markets. This integration is pivotal for enhancing traders' confidence when executing trades, thereby leading to improved outcomes.
The newly added features mean that the IBVAL will now offer near real-time pricing for over 95% of USD-denominated emerging market bonds, which includes both corporate and sovereign bonds. Additionally, the service extends to cover Emerging Market EUR and GBP Corporate Bonds. With this expansion, the coverage will now encapsulate approximately 6,000 new bonds from issuers located in 98 countries across the Latin America (LatAm), Europe, Middle East, and Africa (EMEA), as well as the Asia-Pacific (APAC) regions.
Notable countries included in this expanded coverage are Mexico, Brazil, Chile, the United Arab Emirates (UAE), Turkey, Saudi Arabia, China, South Korea, and Indonesia, among others. Eric Isenberg, Head of Enterprise Data Pricing at Bloomberg, highlighted that the increased demand for real-time pricing insights is essential for traders looking to unlock alpha and enhance execution in international fixed income markets. The expanded IBVAL service not only meets this need but also enhances the transparency of trading workflows, providing valuable insights that traders can rely upon when making decisions.
The IBVAL pricing model originally launched in 2023 with a focus on USD credit securities and subsequently expanded in 2024 to include all EUR and GBP investment-grade and high-yield credit bonds. Leveraging cutting-edge machine learning technology, IBVAL is designed to analyze vast amounts of market data, providing high-quality pricing as frequently as every 15 seconds. This speed and accuracy are critical for traders navigating the complexities of global markets.
Accessing IBVAL is straightforward for users of the Bloomberg Terminal; by loading the security and selecting IBVL PCS as the preferred source, traders can quickly obtain the latest pricing information. Furthermore, clients can also utilize Bloomberg’s B-PIPE, a real-time market data feed, to seamlessly integrate intraday pricing data throughout their organizations. This accessibility ensures that traders can make informed decisions based on the most current market information.
As Bloomberg continues to innovate and adapt to the evolving needs of traders around the world, the expansion of the IBVAL Front Office reflects a commitment not only to enhancing user experience but also to fostering more efficient trading environments globally. With increasing globalization of financial markets, the importance of such comprehensive pricing solutions cannot be overstated. They empower traders, enhance market efficiency, and ultimately contribute to more stable financial systems worldwide. To learn more about this innovative solution, users can visit Bloomberg.com or explore related tools directly through the Bloomberg Terminal.
Topics Financial Services & Investing）
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