Marshall Wace, the $69bn London-based hedge fund firm founded by Paul Marshall and Ian Wace, has selected Bloomberg’s IBVAL Front Office to provide intraday pricing info to support idea generation and pre-trade analysis for the firm’s multi-asset strategy.
IBVAL Front Office uses the latest approaches in AI to deliver pricing as fast as every 15 seconds across the liquidity spectrum for USD, EUR, and GBP credit markets.
IBVAL is available on the Bloomberg Terminal by loading a corporate bond then selecting IBVL as the default 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.
Marshall Wace, headquartered in London with $69bn in assets, is renowned for its culture of continuous innovation and a quest for improvement. To inform the firm’s credit strategies, Marshall Wace required robust pricing data for idea generation and pre-trade analysis. IBVAL stood out for its exceptional quality in pricing high yield bonds, particularly during pre-market hours.
“We’re pleased to support Marshall Wace’s systematic credit strategy with IBVAL, which delivers consistent pricing across the liquidity spectrum due to its innovative machine learning model that consumes billions of market data points from a variety of sources,” said Eric Isenberg, Global Head of Enterprise Data Pricing at Bloomberg.
