Bloomberg Expands IBVAL Front Office Pricing to Europe

Bloomberg announced its pricing solution, Intraday BVAL (IBVAL) Front Office, now covers all EUR and GBP investment grade and high yield credit bonds included in Bloomberg’s flagship Europe and UK credit indices, and more. New contextual features have also been released giving traders insight into IBVAL’s pricing. This marks the latest expansion of IBVAL, which launched in 2023 pricing USD credit securities. IBVAL uses an innovative machine learning model that consumes billions of market data points from a variety of data sources to deliver real-time pricing across the liquidity spectrum. Customers receiving IBVAL through B-PIPE will also be able to view the associated scores from Bloomberg’s leading evaluated pricing service, BVAL. This BVAL score is from 1 to 10 and reveals the relative amount and consistency of market data used to calculate the IBVAL price for a given security as of the most recent BVAL snapshot. A lower score indicates there was less comparable market data available to derive the IBVAL price. This can be an especially powerful data point to help inform trading decisions when there’s limited information available about a given security. IBVAL is available on the Bloomberg Terminal by loading a security then selecting IBVL PCS as the preferred pricing source. IBVAL is also available via Bloomberg’s real-time market data feed, B-PIPE, so clients can readily integrate intraday pricing data across their enterprise.