Standard & Poor's, a leading global provider of independent research ratings and indices, and TSX Datalinx, which provides highly reliable global distribution directly to end-users as well as through its connectivity to a wide range of market data providers, have combined forces to allow market participants access to a comprehensive package of market data for the S&P/TSX Canadian Bond Index.
"TSX Datalinx, with our reliable and proven distribution capabilities, will distribute data for the new index," said Eric Sinclair, Senior Vice President at TSX Datalinx. "Working with Standard & Poor's on this index reinforces our commitment to the fixed income market in Canada."
"The global reach facilitated by TSX Datalinx will help the S&P/TSX Canadian Bond Index become a widely accessible benchmark of Canadian bond market performance," said Steve Rive, Vice President of Canadian Index Services at Standard & Poor's.
TSX Datalinx offers access to the competitively priced S&P/TSX Canadian Bond Index data by email, FTP and via a user-friendly web interface. In addition, market participants have the flexibility to choose the distributor and analytical package that best meets their needs since market data for the S&P/TSX Canadian Bond Index is not bundled with a particular software.
Subscribers can access daily risk and return files for over 300 standard sub-indices comprising the S&P/TSX Canadian Bond Index, as well as information about all the bonds in the Index portfolio. In addition, TSX Datalinx offers a wide range of S&P/TSX Canadian Bond Index data products to suit investor needs, including:
- daily risk and return files (index and constituent level information)
- extensive historical data back to 1989
- index rebalancing alerts (index fund support service)
- monthly rebalancing reports
- custom data solutions
S&P/TSX Canadian Bond Index
Numbering 891 issues with a total market value of over C$638 billion on Aug. 31, 2005, the S&P/TSX Canadian Bond Index is designed to broadly represent the market performance of investment-grade bonds issued by Canadian companies and by issuers in the government sector. Calculated daily and rebalanced monthly, the Index is a market value-weighted average of total bond returns which can be divided into over 300 standard sub-indices based on credit rating, issuer, maturity and industry sector (Corporates). Industry sectors are based on the widely accepted Global Industry Classification Standard (GICS(R)) maintained jointly by Standard & Poor's and MSCI, permitting direct comparison between equity and fixed income sectors in Canada and around the world.
The S&P/TSX Canadian Bond Index is the first index of its kind in Canada to feature multi-dealer pricing for index-valuation purposes as a bond must have a minimum of two price providers to be eligible for inclusion in the Index. Governed by a published, rules-based methodology, the Index is maintained by the S&P/TSX Canadian Bond Index Committee. The S&P/TSX Canadian Bond Index reflects user needs through consultation with a broadly representative Advisory Panel, which includes a variety of members of the investment community. For more information about the methodology and governance of the S&P/TSX Canadian Bond Index visit www.canadabondindices.standardandpoors.com.
