15th Oct 2014 05:52
LONDON (Alliance News) - Barclays PLC's auction of its index business has hit a snag, Reuters reported late on Tuesday.
According to the report, which cited two people familiar with the matter, would-be buyers realised that some crucial bond pricing data that does not belong to the British bank will not be part of the package. The data in question belongs to third parties, including Bloomberg LP and Interactive Data Corp, the sources told Reuters, adding that those entities won't allow the data to be sold as part of the deal.
The index includes the Barclays US Aggregate Bond Index.
Bidders include McGraw Hill Financial Inc's S&P Dow Jones Indices and financial information services provider Markit Ltd, the report said.
http://uk.reuters.com/article/2014/10/14/uk-barclays-m-a-index-idUKKCN0I31V520141014
By Samuel Agini; [email protected]; @samuelagini
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