FT Interactive Data, a supplier of financial information and analytical software, is to distribute iBoxx constituent prices from Deutsche Börse - both intra-day for fund accounting and end-of-day for mainstream portfolio valuation purposes.
FT Interactive will offer iBoxx real-time index levels and bid/ask quotes for more than 1800 investment grade euro and sterling denominated fixed income securities including government bonds, state-guaranteed bonds, collateralised bonds and corporate bonds.
Roger Sargeant, FT Interactive Data's European managing director, comments: "The addition of iBoxx to our intra-day pricing suite will add substantial value in particular for our fund accounting client base."
Sargeant says iBoxx pricing provides access to multiple contributors and offers the consistency and transparency required for fund and portfolio valuations.
Established in 2001, iBoxx is a joint venture between Deutsche Börse and ABN Amro, Barclays Capital, BNP Paribas, Deutsche Bank, Dresdner Kleinwort Wasserstein, Morgan Stanley and UBS Warburg.
The market makers deliver real-time bond prices throughout the trading day which are then consolidated by Deutsche Börse. Each price is put through a series of validation checks and the quotes are then consolidated into an iBoxx price.