Bloomberg has expanded its Intraday BVAL (IBVAL) front-office pricing solution to cover emerging market bonds, as part of the firm’s push to provide enhanced pricing transparency.
The firm has said that by adding emerging market bonds to IBVAL’s offering, both buy-side and sell-side traders will be able to integrate automated pricing into their trading workflows across new markets and execute trades with higher confidence.
The move also sees IBVAL pricing coverage expanding to 22 hours a day, five days a week for the most actively traded securities.
“As global traders evaluate opportunities to unlock alpha and improve execution in international fixed income markets, there is increasing demand for more real-time pricing insights to add greater transparency to their trading workflows,” said Eric Isenberg, head of enterprise data pricing at Bloomberg.
“These expansions bring IBVAL’s high-quality, AI-driven pricing insights to some of the most liquid international bond markets, giving both buy-and sell-side traders across time zones more confidence in their trading decisions and execution outcomes.”
Through this expansion, IBVAL’s coverage increases by approximately 6,000 bonds, and has brought in issuers from 98 LatAM, EMEA and APAC countries, such as Mexico, Brazil, Turkey, and China.
The expansion also means that real-time pricing is now available across more than 95% of trade emerging market USD bonds, including both corporate and sovereign bonds, as well as emerging market EUR/GBP corporate bonds.
Read more – Bloomberg extends IBVAL front-office pricing to cover Europe
The push to emerging markets follows recent IBVAL expansion, after the solution was launched in 2023 to price USD credit securities. In April 2023, Bloomberg announced that the offering would cover EUR and GBP investment grade and high yield credit bonds included in Bloomberg’s flagship Europe and UK credit indices.