U.S./Euro MBS Pricing Service Launched

Standard & Poor's has started a Web-based service that provides day-end pricing for international, fixed income securities, among them European and U.S. commercial and residential mortgage-backed securities. "The traditionally opaque fixed income sector is in the midst of transformational change, brought on in part by advances in technology," said Frank Ciccotto, senior vice president at S&P. "With this Web-based offering, we underscore our commitment to helping the industry achieve new levels of efficiency and transparency." S&P can be found online at http://www.standardandpoors.com.