Effective August 24, 2016, Bloomberg and Barclays are pleased to announce Bloomberg’s acquisition of Barclays Risk Analytics and Index Solutions Ltd. (BRAIS). This transaction covers the Barclays fixed income benchmark indices, BRAIS strategy indices, and the intellectual property of the POINT portfolio analytics solution. The benchmark indices, which have been the most widely used for fixed income investors since 1973, will for a period of at least five years be co-branded “Bloomberg Barclays Indices”. Barclays will retain ownership of its quantitative investment strategy index business and the Barclays’ strategy indices with Bloomberg acting as its calculation agent. Barclays has agreed to operate POINT for 18 months post-completion in order to help clients transition.
For more information, view the press release.