TSX Group announced today the expansion of its PC-Bond fixed income business.
PC Bond has partnered with Bond Index Systems Pty Ltd. of Melbourne to include Australian fixed income data (including Australia's first multi-dealer fixed income index) in the PC-Bond analytics platform which will be distributed by Bond Index Systems in Australia. AFMA Services Pty Ltd. will provide the Australian fixed income data, including multi-dealer blended prices and indices. PC Bond will provide its analytics software platform including its related business methodologies and database model. The data set in the PC-Bond analytics platform will now include both Canadian and Australian fixed income data.
TSX Group CEO Richard Nesbitt said this alliance fits well with TSX Group's strategy. "Our stated intention is to diversify beyond Canada and beyond equities into various asset classes, including fixed income data and indices. This initiative will allow the Australian market to benefit from the same successful model deployed in Canada."
PC-Bond publishes indices to measure the performance of the Canadian fixed income market with data back to 1947. The PC-Bond indices are the most widely used fixed income performance benchmarks in Canada. The best known of these indices is the Universe Bond Index, which tracks the broad Canadian bond market. In addition to the Universe, PC-Bond publishes a variety of sub-indices for different term and credit sectors, as well as indices for tracking other segments of the market, including High Yield, Euro, Maples, Yankee bonds, inflation-indexed Real Return Bonds, T-Bills, and residential and commercial Mortgage-Backed Securities.