CBOT® Chairman Nickolas J. Neubauer stated, "There have been significant innovations in the tax-exempt sector since 1985, when our original Muni Bond contract was launched. With FT Interactive Data now acting as the pricing evaluator for the BBI-40 Index we are taking the necessary steps in a series of changes to improve the quality of our tax-exempt product offering. This initiative is part of an ongoing process and we will continue to investigate and pursue alternatives that will ensure the CBOT is serving the needs of the municipal bond market."
FT Interactive Data will provide evaluated prices for the individual BBI-40 component bonds once daily at 3:00 p.m., Chicago time, except on the last trading day when it will provide evaluated prices for the underlying component bonds at 2:00 p.m., Chicago time. The Bond Buyer will continue in its role to calculate the daily value of the BBI-40, based on FT Interactive Data's evaluations for the individual bonds.
