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TSX wholly owned subsidiary, PC-Bond*, the leading provider of Canadian fixed income benchmarks, analytics and performance measurement, today welcomes HSBC Securities (Canada) Inc. as an additional pricing participant in the PC-Bond Canadian Fixed Income Indices.
HSBC Securities (Canada) Inc. will contribute a broad 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.
The addition of HSBC Securities (Canada) Inc. fixed income pricing, combined with existing sources, will enhance the price discovery process and buy-side market participants’ ability to value securities.
"We are pleased to add the fixed income expertise and quality that HSBC Securities (Canada) Inc. brings to the PC-Bond and indices platform and we look forward to how this will benefit the entire investment community," says Richard Nesbitt, TSX Group CEO.
With approximately 1,000 issues and a total market value of over C$660 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.
