About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Markit Revises Pricing Consolidation Rules for Markit iBoxx Indices

Subscribe to our newsletter

Markit has indicated that it is implementing changes to the rules governing the consolidation of prices for its iBoxx indices. According to the vendor, these changes are aimed at improving the pricing in illiquid and volatile markets.

The Markit iBoxx EUR and Sterling cash bond indices are used by asset managers as a benchmark for investment grade fixed income portfolios. The indices are calculated daily using price contributions from 10 banks that are consolidated by Markit using filters and consolidation algorithms, according to the vendor.

Markit says that recent volatility and a reduction in liquidity in the fixed income markets have resulted in diminished price contributions and greater variance among prices. This, in turn, has led to the rejection of a greater number of prices due to the Markit iBoxx consolidation rules.

In order to tackle this issue and in consultation with price contributors, investors, regulators and industry bodies, Markit has updated these rules. It has introduced an additional step in the calculation of the daily index price whereby a new control price will serve as a proxy price for bonds affected by low liquidity or disparate pricing.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Mastering Data Lineage for Risk, Compliance, and AI Governance

Financial institutions are under increasing pressure to ensure data transparency, regulatory compliance, and AI governance. Yet many struggle with fragmented data landscapes, poor lineage tracking and compliance gaps. This webinar will explore how enterprise-grade data lineage can help capital markets participants ensure regulatory compliance with obligations such as BCBS 239, CCAR, IFRS 9, SEC requirements...

BLOG

GLEIF Begins a New Decade in Growth Mode

The Global Legal Identifier Foundation (GLEIF) enters its second decade this month with its novel system of identifiers for everything from companies and their financial instruments to real assets fast becoming a global standard. While the next five years are expected to see yet more entities join the GLEIF’s open data project, the organisation’s immediate...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...