PC-Bond is launching of a new family of bond indices for the Canadian fixed income marketplace, the provider of Canadian fixed income benchmarks, analytics and performance measurement announced Wednesday.

The two initial Volume BLOX indices are the Province of Ontario and the Province of Quebec. Each index includes six issues representing coverage across the yield curve for those issues at the benchmark term, with the greatest liquidity as measured by actual trade volume.

“The new Volume BLOX indices are designed to represent the marketplace performance of benchmark term issues at specific terms and reflected by actual trades,” said Eric Sinclair, senior vp, TSX Datalinx, in a release.

The indices can be easily replicated in the open market due to the liquidity criteria used in the selection of the benchmark issues, which can make them ideal candidates for hedging or trading instruments.

The numerous PC-Bond fixed income indices and data sets are accessible to all interested market participants for license for use in third-party systems, derivatives, and exchange-traded products.

PC-Bond is a unit of TMX Group Inc.

IE