PC-Bond*, the leading provider of Canadian fixed income benchmarks, analytics and performance measurement, today welcomes TD Securities Inc. as the first participant in the PC-Bond Canadian Fixed Income Index family to be added after Scotia Capital Inc.
TD Securities will contribute a wide range of fixed income securities pricing to PC-Bond for inclusion into PC-Bond products such as the Universe Bond Index, Canada's leading fixed income index used by 95% of buy-side participants and the recently launched Universe + Maple Bond Index. TD Securities will also make available fixed income research information and securities offering sheets to select PC-Bond customers.
The addition of TD Securities’ fixed income pricing, combined with existing sources, will enhance the price discovery process and buy-side market participants’ ability to value securities.
"We are excited with the fixed income expertise and quality that TD brings to the PCBond and indices platform and we look forward to how this will benefit the entire investment community," says John McLean, Director PC-Bond Analytics.
“This will give us an even greater opportunity to work closer with our clients,” says Luc Fortin, Managing Director, TD Securities. “Our clients have been asking for a multicontributor platform and, working with PC-Bond, we have been able to deliver a valueadded solution.”
Numbering 1,000 issues with a total market value of over C$665 billion, the PC-Bond Universe Bond Index broadly represents the market performance of investment-grade bonds issued by Canadian companies and issuers in the government sector.
All indices summary data and methodology can be found on the PC-Bond* web site, at: www.canadianbondindices.com.
*PC-Bond is registered to 2099242 Ontario Inc., a subsidiary of TSX Group Inc. For further information: PC-Bond (416) 862-5800 or pcbond@tsx.com
