The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Bloomberg Adds Muni Bond Data In Expanded Deal with S&P

Further improving on its strengths in the bond data arena, Bloomberg has expanded its relationship with Standard & Poor’s Securities Evaluations group. The deal adds Standard & Poor’s municipal bond pricing, Municipal Benchmark Yield Curves and Municipal Total Return Index to the Bloomberg Professional service.

For Standard & Poor’s, the agreement opens up the distribution of this data to Bloomberg’s client base – which consists of approximately 250,000 users. Perhaps more significantly, it also makes the data available via the full range of Bloomberg’s sophisticated analytics for clients.

Says Katharina Voudouris, product manager for Standard & Poor’s securities evaluations, “This deal provides a valuable, additional way for our clients to access and utilize our municipal bond data.”

Previously, around 90,000 daily municipal bond prices from Standard & Poor’s have been available via Bloomberg. This deal expands the coverage significantly to 1.4 million daily prices, as well as adding the yield curves and indices data.

The data will be available on the desktop service for lookup and as part of a client’s portfolio-based data request. It can also be permissioned for users of Data License. Says J. R. Rieger, vice president of global evaluations at Standard & Poor’s, “We see this as a pipe into the Bloom-berg user base, regardless of how cli-ents then choose to access that data.”

Any users of the data via Bloom-berg will be required to have a direct agreement and license with Standard & Poor’s. Both vendors plan to work together to promote the availability of the bond data to the Bloomberg client base over the coming months.

According to Rieger, “We’ve been in discussions over the past couple of years with our clients and with Bloomberg. Through various user groups we received feedback that they would like us to help them by making it easier to access our data. In particular, many of the clients had expended much time and energy working with Bloomberg’s service. By deciding to make our full range of municipal data available on this platform, we are making our clients job’s easier and helping to provide a more complete range of data on Bloomberg.”

Standard & Poor’s believes that utilizing existing and new relationships for third parties will help to further expand the reach of its evaluations data. As such, it is working to identify more distribution opportunities with both vendors and service bureaus. Its data is already available via a number of partners including Reuters, through the EJV acquisition, and Telekurs Financial.
Standard & Poor’s also provides a range of data services for taxable fixed income securities in addition to the non-taxable municipal bonds it covers. In the bond evaluations space, the vendor competes primarily with FT Interactive Data and increasingly with Reuters (although Reuters sources municipal evaluations data from Standard & Poor’s), and Thomson Financial.

Related content

WEBINAR

Recorded Webinar: A new way of collaborating with data

Digital transformation in the financial services sector has raised many questions around data, including the cost and volume of reference data required by each financial institution. Firms want to pick and choose the reference data they need to fulfil their requirements. Emerging solutions with the potential to decrease the cost of data and increase flexibility...

BLOG

LIBOR’s End Should be a New Beginning for Corporate Treasuries’ Data Management

By Neil Sandle, Head of Product Management, Alveo. For many treasuries, LIBOR (London Interbank Offered Rate) is one of their most critical benchmarks. Together with the exchange rates of major currencies it is an essential piece of data, underpinning contracts worth trillions of dollars. The long-standing centrality of LIBOR is why well-publicised global moves to...

EVENT

TradingTech Summit London

TradingTech Summit London will explore how trading firms are innovating in today’s cloud and digital based environment to create flexible, scalable trading platforms to support speed to market and business agility. Leveraging the cloud, AI and ML technologies to get an edge, automate processes and simplify operations in a cost effective way is the name of the game and will share practical insight from practitioners and technology leaders who are innovating and driving forward change in trading operations.

GUIDE

Managing Valuations Data for Optimal Risk Management

The US corporate actions market has long been characterised as paper-based and manually intensive, but it seems that much progress is being made of late to tackle the lack of automation due to the introduction of four little letters: XBRL. According to a survey by the American Institute of Certified Public Accountants (AICPA) and standards...