TSX wholly owned subsidiary, PC-Bond*, the leading provider of Canadian fixed income benchmarks, analytics and performance measurement, today welcomes Casgrain & Company Limited as an additional pricing participant in the PC-Bond Canadian Fixed Income Indices.
Casgrain & Company Limited will contribute a broad range of fixed income securities pricing to PC-Bond for inclusion into PC-Bond products such as the Universe Bond Index, Canada's leading fixed income index used by 95% of buy-side participants, the Quebec Bond Index, as well as the recently launched Universe + Maple Bond Index. Casgrain & Company Limited will also make available fixed income research information and securities offering sheets to select PC-Bond customers.
The addition of Casgrain's fixed income pricing, combined with existing sources, will enhance the price discovery process and buy-side market participants' ability to value securities.
"We are pleased to add the fixed income expertise and quality that Casgrain brings to the PC-Bond and indices platform and we look forward to how this will benefit the entire investment community," says Richard Nesbitt, TSX Group CEO.
"Our firm has always pushed for greater transparency, and a multi-contributor platform is an important step towards this. Working with PC Bond, we believe our clients will benefit from this initiative" says Guy Casgrain, President, Casgrain & Company Limited.
With approximately 1,000 issues and a total market value of over C$660 billion, the PC-Bond Universe Bond Index broadly represents the market performance of investment-grade bonds issued by Canadian companies and issuers in the government sector.