Bloomberg and Standard Chartered launch electronic platform for Korea treasury bonds

The first electronic trade was performed on Bloomberg between Standard Chartered and a global buy-side investor to mark the launch.

Bloomberg has partnered with investment bank Standard Chartered to introduce electronic trading workflow for accessing Korea treasury bond liquidity on the Terminal.

The partnership aims to give investors the ability to stage, monitor, trade, process and allocate trades in Korean treasury bonds via an electronic workflow through Bloomberg’s electronic trading offering. 

The first electronic trade has already been completed on Bloomberg between the bank and a global investor on the buy-side. 

“We see a transformation in Asia’s fixed income markets as the pandemic accelerates the pace of digitisation,” said Sharad Desai, global head of sales and structuring, financial markets, at Standard Chartered.  “Korea treasury bonds are actively traded by foreign investors, and we see growing demand from institutional investors around the world due to the country’s healthy economic growth.”

Standard Chartered added it is one of the largest primary dealers in Korea treasury bonds and it is the first dealer to launch a fully electronic offering for trading the instruments. 

Bond trading has become increasingly electronic over the years with studies suggesting the increased market volatility and remote working environment have accelerated the trend. The average daily volume for fixed income electronic trading reached a new record of $10.6 billion in January earlier this year, according to Greenwich Associates.

The workflow also allows for Korea’s investor registration certificates to be conveyed at each stage of the trade’s life cycle and will give investors access to both global and domestic sources of liquidity through the Bloomberg Terminal. 

 “As global markets become increasingly connected, it is even more important that market participants find seamless ways of accessing liquidity and sourcing market interest,” added William Oberuch, global head of emerging market trading at Bloomberg. “Fully electronic trading platforms bring greater trading efficiency, more seamless workflows and lower transaction costs.”