Barclays’ fixed-income benchmark indices, BREAIS strategy indices and the intellectual property of the POINT portfolio analytics solution have all been acquired by Bloomberg.
As part of the acquisition, the technology will be co-branded Bloomberg Barclays Indices for an initial period of five years.
Bloomberg’s global head of financial products, JP Zammit, said benchmarking and strategy indices are continuing to grow in importance in the current regulatory environment.
“Bloomberg is committed to being at the forefront of these developments, and is well-positioned to grow and evolve the BRAIS business for a broader set of market participants than ever before, building on our strengths in fixed-income data, analytics, distribution, technology, pricing and news,” Mr Zammit said.
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