Skip to main Content
Site Search

Advanced Search

  • Mondo Visione
  • Mondo Visione - Worldwide Exchange Intelligence
Member Login

Member Login

Forgotten your password?

FTSE TMX Global Debt Capital Markets Signs Agreement With PiP For Latin America Fixed Income Indices

Date 22/04/2014

  • FTSE PiP Latin America fixed income benchmarks to cover broad range of government, corporate bonds and REITs
  • Combines PiP’s regional expertise in Latin America with FTSE’s global distribution network
  • Reflects growing interest for access to fixed income indices

FTSE TMX Global Debt Capital Markets has signed a cooperation agreement with Proveedor Integral de Precios (“PiP”), a leading multi-national price vendor in Latin America, to provide a range of fixed income indices. PiP currently manages over 100 of the most widely used government and corporate bond indices in Mexico, Colombia, Costa Rica and Peru. Going forward these indices will be rebranded as FTSE PiP.

Access to fixed income indices continues to grow rapidly, driven by the demand for multi-sourced prices, high-governance standards and low-cost strategies. The partnership will combine the regional expertise of PiP in Latin America with FTSE’s global distribution network and capabilities in research, analytics and transparent investment benchmarks to further develop indices across the region. 

PiP is regulated by the Comisión Nacional Bancaria y de Valores, the Mexican banking regulator, and is an independent third-party valuer. Currently PiP calculates the daily value of over 80,000 instruments across Mexico, Colombia, Costa Rica, Panama and Peru.

Mark Makepeace, Chief Executive, FTSE Group said: “We are delighted to announce our new partnership with PiP, which will further expand FTSE’s range of fixed-income products. PiP has a strong track record of operations in the local market and we look forward to working together in enhancing and broadening the product offering to meet the needs of our global customer base.”

Gerardo Luengas, Chief Executive, Proveedor Integral de Precios said: “PiP has been independently calculating the value of fixed-income assets in the region for over 13 years. We continue to see a growing demand from investors looking to access the Latin American market and our partnership with FTSE will allow us to benefit from a globally recognised brand.”