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

A-Team Insight Blogs

Moody’s Buys Price Discovery, End-of-Day Pricing Provider BQuotes

Share article

Moody’s Corporation has acquired BQuotes, global provider of price discovery tools and end-of-day pricing services for fixed income securities. Terms of the transaction will not be disclosed, and the financial impact to Moody’s is not expected to be material.

This follows Moody’s recent acquisition of the assets of Mergent Pricing and Evaluation Service from Xinhua Finance subsidiary Mergent, as part of its bid to offer a complete range of fixed income valuation services.

Moody’s says the BQuotes acquisition enhances its product offering in the fixed income valuations and pricing arena, supporting its efforts to deliver tools that facilitate price transparency in global fixed income markets, especially for complex structured securities and derivative instruments.

BQuotes’ product line will be integrated into Moody’s Analytics’ new suite of pricing and valuation products, which include model-based fair value estimates, evaluated pricing and observed pricing.

“There is growing market demand for tools that enable credit market participants to better value debt securities,” says Gus Harris, senior managing director of Moody’s new products group. “BQuotes will provide both our evaluators and our customers with critical information on a wide range of fixed income securities, and we believe this will be an important source of competitive differentiation for Moody’s.”

Yiannis Tsiounis, CEO of BQuotes, adds: “We are impressed with the valuation business that Moody’s is assembling and are excited with Moody’s commitment to support and enhance BQuotes price discovery, end-of-day pricing and UIN Security Master database services. We look forward to increasing the value proposition for our customers by combining Moody’s databases and analytic models with BQuotes’ leading technology.”

Late last year, Moody’s introduced model-based valuations for structured securities through Credit Values DCV, a discounted cashflow valuation service that provides an independent assessment of the intrinsic value of such securities. While its acquisition of Mergent’s corporate and municipal bond pricing services expanded its pricing initiative to evaluated pricing, BQuotes broadens Moody’s offering to price discovery tools and observed pricing services, the vendor says.

Related content

WEBINAR

Recorded Webinar: Last minute preparations for SFTR: What still needs to be done and are we ready?

The regulation clock is ticking. Financial firms, especially those subject to Phase I of implementation, are well aware of the impending April 2020 deadline for the Securities Financing Transactions Regulation. The question is, are they ready? Tactical, i.e painful, approaches to compliance won’t be good enough. A strategic plan of attack is necessary to combat...

BLOG

GLEIF Deploys Workiva Platform, Expands into North America

The GLEIF Foundation partnered with XBRL International and Workiva in June 2020 to publish its annual report in both human and machine-readable Inline XBRL and HTML format, with GLEIF’s LEI embedded into the financial information. It constitutes only the second official business report globally to automatically link the filing entity to its verified LEI reference...

EVENT

Data Management Summit USA Virtual

Data Management Summit USA Virtual will explore how sell side and buy side financial institutions are navigating the global crisis and adapting their data strategies to manage in today’s new normal environment.

GUIDE

Solvency II Data Management Handbook

Want to get a handle on Solvency II and what it means for data management? Need to make sure you have all the bases covered for the looming January 2016 deadline? Our Solvency II Data Management Handbook is now available for free download to help you. This Handbook is the ultimate guide to all things...