New York, December 7, 2009 – Continuing to expand its family of fixed income indices, Standard & Poor’s, the world’s leading index provider, announced today that it has signed an agreement with BGCantor Market Data, L.P., a leading market data provider and a subsidiary of BGC Partners, Inc. to jointly develop a new family of U.S. Treasury Indices.
The new U.S. Treasury Bond Indices, expected to launch in the first quarter of 2010, will use end of day U.S. Treasury bond pricing from BGCantor Market Data, and will be maintained and published by S&P Indices. The joint effort will result in U.S. Treasury Indices designed to meet custom requirements, liability driven investing and portfolio building strategies.
“The unprecedented borrowing by the U.S. government, coupled with the current flight to quality dynamics of the domestic marketplace, has created a need for indices that offer investors additional transparency and insight into the government bond market,” says James Rieger, Vice President at S&P Indices. “We are delighted that BGCantor Market Data has decided to lock arms with S&P Indices to provide fixed income investors with the solutions that they need to meet their investment objectives.”
Bernie Weinstein, head of BGCantor Market Data, added: “We are very pleased to be working with S&P to develop this family of indices. BGC Partners’ eSpeed platform was the first fully electronic platform for US Treasuries, transforming the way these securities were traded. These new indices from S&P, based on our market data, will provide a key benchmark designed to increase transparency and efficiency, and further support our customers’ activity in the U.S. government bond markets.”
The new family of U.S. Treasury Indices will initially include the following:
• S&P/BGCantor 0-3 Month U.S. Treasury Bill Index
• S&P/BGCantor 3-6 Month U.S. Treasury Bill Index
• S&P/BGCantor 6-9 Month U.S. Treasury Bill Index
• S&P/BGCantor 9-12 Month U.S. Treasury Bill Index
• S&P/BGCantor 0-1 Year U.S. Treasury Bond Index
• S&P/BGCantor 1-3 Year U.S. Treasury Bond Index
• S&P/BGCantor 3-5 Year U.S. Treasury Bond Index
• S&P/BGCantor 7-10 Year U.S. Treasury Bond Index
• S&P/BGCantor 10-20 Year U.S. Treasury Bond Index
• S&P/BGCantor 20+ Year U.S. Treasury Bond Index
• S&P/BGCantor U.S. TIPs Index