After 25 years of calculating a family of Australian bond indexes, Swiss investment bank UBS has sold the indexes─including the benchmark UBS Composite Bond Index─to data giant Bloomberg.
Under the handover, Bloomberg will now price the indexes using its evaluated pricing capabilities, and will calculate and publish the indexes on a daily basis over multiple platforms besides Bloomberg services.
"There is a clear and necessary shift towards independent indexing and greater transparency in global fixed income benchmarks," says Srikant Dash, head of Bloomberg Indexes, adding that the vendor is committed to providing a "seamless transition" for clients of the indexes. "This acquisition provides true independence to an index family used extensively by institutional investors and asset managers."
Jesse Lund talks about real uses for DLT in the capital markets, lessons learned while rolling out IBM's blockchain platform, and what’s ahead for 2018, and into 2019.Subscribe to Weekly Wrap emails