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

Upcoming Webinar: Unlocking value: Harnessing modern data platforms for data integration, advanced investment analytics, visualisation and reporting

4 September 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes Modern data platforms are bringing efficiencies, scalability and powerful new capabilities to institutions and their data pipelines. They are enabling the use of new automation and analytical technologies that are also helping firms to derive more value from their data and...

BLOG

TP ICAP Acquires Neptune Networks to Build Integrated Electronic Bond Trading and Data Business

TP ICAP Group plc has acquired Neptune Networks, a provider of real-time pre-trade bond market data, as part of its strategy to expand its presence in the electronic credit trading space. Neptune was previously owned by a consortium of leading investment banks. The acquisition will bring together Neptune’s established data platform and Liquidnet’s electronic credit...

EVENT

Data Licensing Forum 2025

The Data Licensing Forum will explore industry trends, themes and specific developments relating to licensing of financial market data from Exchanges and Data Vendors.

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...