PC-Bond (a unit of a TMX Group company), a leading provider of Canadian fixed income benchmarks, analytics and performance measurement, today announced the launch of a new family of bond indices for the Canadian fixed income marketplace – Volume BLOX™. The two initial Volume BLOX indices are the Province of Ontario and the Province of Quebec. Each index includes six issues representing coverage across the yield curve for those issues at the benchmark term, with the greatest liquidity as measured by actual trade volume.
“The new Volume BLOX indices are designed to represent the marketplace performance of benchmark term issues at specific terms and reflected by actual trades,” said Eric Sinclair, Senior Vice President, TSX Datalinx. The indices can be easily replicated in the open market due to the liquidity criteria used in the selection of the benchmark issues, which can make them ideal candidates for hedging or trading instruments.
“These indices enhance capital market efficiency by providing important benchmarks for the fixed income markets,” said Tom Kloet, CEO, TMX Group. “The Volume BLOX indices also contribute to the diversity of products provided by TMX Group and offer the potential for future derivative products on the Montreal Exchange.”
The numerous PC-Bond fixed income indices and data sets are accessible to all interested market participants for license for use in third-party systems, derivatives, and exchange-traded products. PC-Bond also licenses the PC-Bond Fixed Income Analytical software, which contains the entire history of fixed income pricing and indices data and fixed income indices back to 1947; as well as the BondPerform Attribution platform, which provides performance measurement tools for the Canadian fixed income community. For more information on Volume Blox and PC-Bond indices, please visit www.pcbond.com.
