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Reuters Extends Its Bond Index Coverage with iBoxx Indices.


LONDON -- Reuters (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: RTRSY, LSE LSE - Language Sensitive Editor : RTR RTR Ready To Run
RTR Rundfunk & Telekom Regulierungs Gmbh
RTR Rotor
RTR Radio e Televisiun Rumantscha (Romansh Radio and Television, Switzerland)
RTR Response Time Reporter
RTR Ready To Race
RTR Ready to Roll
) today extended its global bond indices coverage by adding the iBoxx indices published by International Index Company (IIC See infranet. ), the leading provider of bond and credit derivative indices. This announcement underscores Reuters commitment to the fixed income markets and follows a number of complementary bond data agreements.

Regulatory requirements are forcing the need for greater market transparency and mean banks need access to quality, benchmark, independent prices, evaluations and reference data. Reuters customers will benefit from expanded access to iBoxx indices which support regulatory requirement and also serve as a platform for derivative pricing, hedging tools, funds, research and other products. The iBoxx indices cover a comprehensive set of investment grade fixed income issues in Euro, Sterling US dollar and pan-Asian indices - including Sovereigns, Corporates, Treasuries, Agencies as well as industry and sector-specific data.

The bonds that comprise the iBoxx indices are priced by selected leading investment banks. The prices obtained from the participating investment banks are subjected to a rigorous set of quality control checks before being consolidated into an iBoxx price, from which the indices and analytical values are calculated. Multiple-contributor pricing ensures that the iBoxx price is an accurate reflection of the market. Prices for bonds used in the index calculation are provided by ABN AMRO, Barclays Capital, BNP Paribas, Deutsche Bank, Dresdner Kleinwort Wasserstein, HSBC HSBC Hongkong and Shanghai Banking Corporation
HSBC Humane Society of Broward County (Florida)
HSBC Humane Society of Bay County (Bay County, Michigan) 
, JPMorgan, Morgan Stanley, Royal Bank of Scotland
This article deals with the retail bank. "Royal Bank of Scotland" can also refer to its holding company: Royal Bank of Scotland Group."


The Royal Bank of Scotland Plc (Scottish Gaelic: Banca Rìoghail na h-Alba
 and UBS UBS Union Bank of Switzerland
UBS United Bible Societies
UBS United Blood Services
UBS United Buying Service
UBS Used Bookstore
UBS University Business Services
UBS Universal Building Society (UK)
UBS Ulaanbaatar Broadcasting System
. iBoxx Indices are available from today over Reuters 3000 Xtra, Reuters Trader and Reuters Station desktops.

Mark Robson, Global Head of Treasury and Fixed Income services, Reuters, said: "We're really pleased to bring our customers access to reliable, independent benchmark bond index data through adding iBoxx indices. This latest investment follows a number of complementary bond data agreements and supports Reuters commitment to the fixed income markets."

David Mark, Chief Executive of IIC, said: "The success of our Euro, Sterling, Asian and, since last week, US bond indices and related products, demonstrates that clients demand transparent, neutral bond pricing, and the kind of objective approach to bond indices that has long prevailed in the equity market. We are glad to partner with Reuters to ensure access to this high-quality data for a wider audience."

The addition of iBoxx indices further strengthens Reuters growing portfolio in this space which includes FTSE FTSE

A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times.

Notes:
The FTSE is similar to Standard & Poor's in the United States.
 bond indices; the European Banking Federation's (FBE) EONIA Swap Index; ICAP's fixed income, interest rate and foreign exchange data including exclusive BrokerTec US Treasury pricing and swaps data; LIBOR LIBOR

See: London Interbank Offered Rate


LIBOR

See London interbank offered rate (LIBOR).
 fixings, access to Telerate benchmark information including swaps data (found on Telerate Page 19901).

Note to Editors:

Reuters (www.reuters.com), the global information company, provides indispensable information tailored for professionals in the financial services, media and corporate markets. Its trusted information drives decision making across the globe based on a reputation for speed, accuracy and independence. Reuters has 14,500 staff in 91 countries. This includes 2,300 editorial staff in 196 bureaux serving 129 countries, making Reuters the world's largest international multimedia news agency. In 2004, Reuters Group revenues were GBP GBP

In currencies, this is the abbreviation for the British Pound.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
 2.9 billion.

Reuters and the sphere logo are the trademarks of the Reuters group of companies.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 5, 2005
Words:522
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