Markit Assimilates HSBC’s Asian Bond Indices, Bolstering iBoxx Index Suite

Markit (Nasdaq:MRKT), a global provider of financial information services, has integrated the HSBC’s ALBI, ADBI and AHBI indices to the Markit’s iBoxx family of indices for an undisclosed financial sum, according to a Markit statement.

Markit’s iBoxx suite constitutes a number of indices, including a focus in Asia – its iBoxx Asian Local Bond Index (iBoxx ALBI), Markit iBoxx Asian USD Bond Index (iBoxx ADBI), and Markit iBoxx Asian USD High Yield Yield A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as a A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as a Read this Term Bond Index (iBoxx AHBI) are all part of a leading brand in Asian markets, which Markit aims to reinforce with HSBC’s assimilated indices.

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Markit helps provide a plethora of fixed-income and macroeconomic indices, boasting a global suite of up to 14,000 indices across the spectrum of its business. Its most notable offerings include iBoxx bond indices, iTraxx, and CDX credit derivative indices, as well as the Purchasing Managers’ Index (PMI) series. The integration of HSBC’s indices are noteworthy as they substantially fortify what is already upwards of $90 billion in Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term-traded-funds (ETF) assets already linked to iBoxx indices.

According to Adam Kansler, Managing Director and Co-Head of Information at Markit, in a recent statement on the integration: “We are very excited to expand our presence in APAC and internationally through the reach of these leading Asian brands and have worked closely with HSBC to ensure a smooth transition.”

“These indices underscore our commitment to providing essential benchmarks for passive and active portfolio management,” he added.

Markit recently made headlines after the group and its joint venture kyc.com launched a strategic partnership with software solutions provider Fenergo to help streamline data management solutions for shared clientele. The accord was important as it will help coalesce Fenergo’s Regulatory Onboarding and CLM solutions with Markit Enterprise Data Management (EDM) in a consolidated stroke.