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

Two New Corporate Bond Indices Launched to Increase Transparency

Subscribe to our newsletter

The National Association of Securities Dealer (NASD) and Bloomberg are jointly launching two new corporate bond indices: the NASD-Bloomberg Active Investment Grade U.S. Corporate Bond Index and the NASD-Bloomberg Active High Yield U.S. Corporate Bond Index.

Both are generated solely from transactions prices of actively traded bonds as opposed to quotes or estimated prices.

Index data can be accessed free of charge through NASD websites as well as being available to Bloomberg users. Each index provides values for total return, price, yield and volume with changes from the previous close. Transaction data is derived from NASD’s Trace (Trade Reporting and Compliance Engine), which collects and disseminates transaction data on all OTC corporate bond activity comprising approximately 22,000 transactions or $18 billion daily. Registered broker/dealers are required to report all corporate bond transactions to Trace within 15 minutes of execution, and the transaction data is immediately disseminated to the public. Bloomberg news will also distribute daily Trace-derived corporate bond market reports on its financial wire.

The NASD hopes these indices will increase transparency in these markets for the retail market, which is responsible for 65% of trading activity.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Enhancing trader efficiency with interoperability – Innovative solutions for automated and streamlined trader desktop and workflows

Traders today are expected to navigate increasingly complex markets using workflows that often lag behind the pace of change. Disconnected systems, manual processes, and fragmented user experiences create hidden inefficiencies that directly impact performance and risk management. Firms that can streamline and modernise the trader desktop are gaining a tangible edge – both in speed...

BLOG

Bloomberg BQuant Wins A-Team AICM Best AI Solution for Historical Data Analysis Award

When global markets were roiled by the announcement of massive US trade tariffs, Bloomberg saw the amount of financial and other data that runs through its systems surge to 600 billion data points, almost double the 400 billion it manages on an average day. “These were just mind-blowingly large volumes of data,” says James Jarvis,...

EVENT

TEST Event page 1

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Enterprise Data Management, 2010 Edition

The global regulatory community has become increasingly aware of the data management challenge within financial institutions, as it struggles with its own challenge of better tracking systemic risk across financial markets. The US regulator in particular is seemingly keen to kick off a standardisation process and also wants the regulatory community to begin collecting additional...