Bloomberg has expanded its financial data services in Australia, consolidating its pricing tools for the country’s rapidly growing fixed-income market. The move provides investors with a centralized source of information for Australian bonds for the first time.
The expansion responds to a surge in Australia’s securitized products market, which reached a record A$79.46 billion ($51.8 billion) in new issuances this year. This makes it the third-largest market of its kind globally, trailing only the United States.
BVAL Adds 600 Australian Asset-Backed Securities
The company’s evaluated pricing service, BVAL, has added 600 Australian asset-backed securities (ABS). This broadens its existing coverage of 1,600 residential mortgage-backed securities (RMBS) and corporate bonds. The wider dataset allows traders to more easily compare valuations and risks across different types of debt.
For its live intraday service, IBVAL, Bloomberg will now provide pricing during local trading hours for a wider array of assets. These include U.S. corporate bonds, emerging market debt and government and corporate bonds from Australia and New Zealand. The change addresses a longstanding need for real-time data that aligns with the Australian trading day.
BVAL Curves Now Include Mid and Ask Prices
The update also introduces new mid and ask price curves to Bloomberg’s BVAL Curves, complementing existing bid price data. This enhancement, requested by the Australian Prudential Regulation Authority (APRA), is designed to give a more balanced view of market prices and improve the accuracy of risk assessments.
As previously reported, Australian traders can now access a new brokerage service seamlessly through the TradingView platform, thanks to a recent integration with Opofinance.
This integration enables users to place trades in forex and contracts for difference (CFDs) directly from TradingView’s charting interface, using the platform’s built-in Trading Panel, eliminating the need to switch between platforms.
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