October 23, 2013
Thomson Reuters Launches Canadian Mortgage-Backed Securities Pricing Service
NEW YORK - Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced the launch of evaluated pricing for Canadian mortgage-backed securities (MBS) to assist customers in accessing accurate end-of-day pricing. The new pricing offering is part of Thomson Reuters Pricing Service (TRPS), a global solution that provides evaluated prices to support portfolio, fund and single security valuations.
With increased market volatility and a heightened focus on regulatory requirements, evaluated pricing has become more critical. Thomson Reuters team of expert evaluators will employ a mark to market methodology to price the universe of Canadian MBS pools on a daily basis, providing coverage for approximately 10,000 fixed and floating rate instruments.
“The launch of the Canadian MBS pricing service is driven by market participants’ demand for independent and transparent pricing,” said Jayme Fagas, global head of evaluated pricing at Thomson Reuters. “This new offering further demonstrates our commitment to provide clients with the most accurate and timely valuations, and further supports Thomson Reuters vision to expand the breadth of evaluated pricing available through TRPS.”
TRPS is a global solution that covers over 2.5 million fixed income securities, derivatives and loans, priced daily. Prices are delivered throughout the day or at market closing times around the world depending on the asset class, with supporting commentary to provide insight on the day’s events.
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs approximately 60,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to thomsonreuters.com.