Bloomberg this week announced that Marshall Wace, a global liquid alternatives manager, has selected IBVAL Front Office to inform their multi-asset strategy with high quality pricing. IBVAL Front Office uses the latest approaches in AI to deliver pricing as fast as every 15 seconds across the liquidity spectrum for USD, EUR and GBP credit markets.
Marshall Wace, headquartered in London with $69 billion in assets, is renowned for its culture of continuous innovation and a quest for improvement, added Bloomberg. To inform the firm’s credit strategies, Marshall Wace required pricing data for idea generation and pre-trade analysis. Bloomberg says IBVAL stood out for its quality in pricing high yield bonds, particularly during pre-market hours.
“Access to near real-time pricing data that closely aligns with trading expectations is a differentiator,” said Eric Isenberg, global head of enterprise data pricing at Bloomberg. “We’re pleased to support Marshall Wace’s systematic credit strategy with IBVAL, which delivers consistent pricing across the liquidity spectrum due to its innovative machine learning model that consumes billions of market data points from a variety of sources. IBVAL continues to be enhanced with new features and expanded coverage to help meet the evolving requirements of traders, portfolio managers and research teams.”
IBVAL is available on the Bloomberg Terminal by loading a corporate bond then selecting IBVL as the default pricing source, added Bloomberg. IBVAL is also available via Bloomberg’s real-time market data feed, B-PIPE, so clients can readily integrate intraday pricing data across their enterprise. To learn more, click here.
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