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Thomson Reuters to power S&P Dow Jones Indices' real time-index that tracks the debt of S&P 500 companies |
NEW YORK & LONDON, July 9, 2015 - (ACN Newswire) - Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced its appointment by S&P Dow Jones Indices, one of the world's leading index providers, to provide end-of-day as well as terms and conditions data for the market's first ever index that tracks debt of the S&P 500 companies. Thomson Reuters Pricing Service (TRPS), an independent pricing service covering over 2.5 million global fixed income securities, derivatives and bank loans, will work closely with S&P DJI to help them meet their valuation and reporting requirements for the S&P 500 Bond Index.
The S&P 500 Bond Index is priced in real-time throughout the day and directly corresponds to movement in the U.S. bond market. The Index offers previously unavailable intraday transparency to the pricing of debt on America's most influential companies.
The S&P 500 Bond Index will deliver side-by-side analysis of the performance differential between U.S. equity and bond markets. TRPS will work with S&P DJI to power the Index. TRPS is supported by experienced evaluators who apply consistent pricing methodologies, reflecting up-to-date market conventions and procedures in order to provide transparency into the inputs and techniques used to value illiquid and harder-to-value securities.
"We are delighted that S&P Dow Jones Indices has chosen to use our fixed income end of day pricing in conjunction with our comprehensive and high-quality bond terms and conditions data to act as constituents for their new Bond Index," said Marion Leslie, managing director, Pricing & Reference Services at Thomson Reuters. "Thomson Reuters is committed to partnering with the market's leading service providers, ensuring market participants are able to benefit from our award winning content via multiple partners, platforms and applications."
"We are extremely pleased to be working with Thomson Reuters to provide end-of-day & terms and conditions data for our S&P 500 Bond Index," said J.R. Rieger, head of Fixed Income for S&P Dow Jones Indices. "Thomson Reuters Pricing & Reference Services has a proven track record of delivering consistently accurate and transparent data which will allow us to offer the most comprehensive and up to date information to investors."
TRPS is a global solution that covers over 2.5 million fixed income securities, derivatives and loans, priced daily, including: collateralized loan obligations (CLOs), collateralized debt obligations (CDOs), asset-backed securities (ABS), commercial mortgage-backed securities (CMBS), credit default swaps (CDS), corporates, US municipals, and more. Prices are delivered throughout the day or at market closing times around the world depending on the asset class, with supporting commentary to provide insight on the day's events. You can find more information on Thomson Reuters Pricing Service here: http://prdcommunity.com/index.php/solutions/valuation-services.
Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to www.thomsonreuters.com.
CONTACTS
Ilya Hemlin PR Specialist, Financial & Risk Office +1-646-223-5532 Mobile +1-347-408-8592 Ilya.hemlin@thomosonreuters.com
Lemuel Brewster Senior Public Relations Director, Financial & Risk Office +1 646-223-5147 Mobile +1 917-805-1089 lemuel.brewster@thomsonreuters.com
Brian Mairs Global Head of External Communications, Financial & Risk Thomson Reuters +44 (0) 20-7542 -7866 Brian.mairs@thomsonreuters.com
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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Thomson Reuters Corporation via Globenewswire
Topic: Press release summary
Source: Thomson Reuters
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From the Asia Corporate News Network
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