NASDAQ OMX and PC-Bond to Introduce a Family of U.S. Treasury Indexes
NEW YORK, Nov. 8, 2011 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and PC-Bond, a TMX Group subsidiary and long-time provider of benchmarks for Canadian fixed income investments, have entered into a partnership to provide a family of U.S. Treasury indexes – The RBC Insight Total Return U.S. Treasury (TRUST) Indexes. The index series is designed to be a transparent and broad measure of the U.S. Treasury Note and Bond market while providing a unique viewpoint into the active U.S. debt issuance market via its daily rebalance methodology.
"By utilizing an objective and rules-based methodology, The RBC Insight Total Return U.S. Treasury (TRUST) Indexes exemplify our commitment to index transparency," said John Jacobs, Executive Vice President, NASDAQ OMX Global Indexes. "Through our partnership with PC-Bond, investors in the U.S. debt issuance market will have access to more information more frequently and therefore be able to make better informed investment decisions."
The RBC Insight Total Return U.S. Treasury (TRUST) Indexes are rebalanced daily and not at month-end like other U.S. and European bond indexes. Treasury indexes that rebalance daily offer the advantages of reduced tracking errors when rebalancing portfolios and provide a more accurate reflection of current market conditions. In addition, The RBC Insight Total Return U.S. Treasury (TRUST) Indexes have history dating back to December 31, 1998.
"Our partnership with NASDAQ OMX allows us to leverage our mutual strengths to provide the market with an index family that is transparent, accurate and a truer reflection of the U.S. Treasury market," said John McLean, Director, PC-Bond Index Group. "By utilizing a unique daily rebalance methodology, extremely reliable technology and NASDAQ OMX's far-reaching distribution capability, we are able to bring much greater clarity to the active U.S. debt issuance market."
Twenty-two indexes will begin disseminating today through NASDAQ OMX's flexible, premier delivery service for weightings data, NASDAQ OMX Global Index WatchSM (GIWSM). GIW is the only direct source for U.S. Treasury Fixed Income data.
This family adds to the NASDAQ OMX Global Index Group's global benchmark portfolio, providing investors with comprehensive insight into thousands of indexes across sectors and asset classes. For more information about The RBC Insight Total Return U.S. Treasury (TRUST) Indexes visit https://www.nasdaqtrader.com/USTreasuryFAQ.
The PC-Bond analytical system has been the market leader in fixed income portfolio management software in Canada since 1985. PC-Bond is a wholly-owned subsidiary of TMX Group. This institutional client based software offers five powerful programs to turn raw market data into investment information to assist clients in their investment decisions. These programs access the largest fixed income database in Canada with data extending back over 60 years covering elements such as: Price, Yield, Total Return, Weights, Ratings, Terms and conditions, Amortizing flows, Pool Factors, as well as many more market analytics and statistics. Ranked by Independent survey as the #1 provider of Fixed Income Indices and Analytics in Canada, PC-Bond continues to evolve with the ever changing marketplace and client requirements.
About NASDAQ OMX Group
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with approximately 3,500 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. Please follow NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653) and Twitter (http://www.twitter.com/nasdaqomx).
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about The RBC Insight Total Return U.S. Treasury (TRUST) Indexes and NASDAQ OMX's other products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
CONTACT: Media Contacts: Wayne Lee, NASDAQ OMX +1-301-978-4875 Wayne.D.Lee@NASDAQOMX.com Carolyn Quick, TMX Group +1-416-947-4597 firstname.lastname@example.org
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