Alternatives asset manager Marshall Wace has integrated Bloomberg’s IBVAL Front Office as its default pricing engine, underlining the New York-based data behemoth’s eagerness to play a key role in private as well as public markets.
Artificial intelligence-supported IBVAL Front Office updates prices on dollar, euro and sterling credit markets every 15 seconds. It is available through the Bloomberg Terminal and through the company’s B-PIPE real-time market feed.
The announcement by London-based Marshall Wace, which oversees US$69 billion in assets, is a boost to Bloomberg’s efforts to become a leading player in the private market data space. In recent months it has signalled its eagerness to adapt and repackage tools it has developed for public and OTC markets so that they can be used by private equity and credit investors.
Recently it launched a US Leveraged Loan Index, which covers 1,300 leveraged loans with a market value of US$1.3 trillion.
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