Bloomberg has won its bid to provide the European Central Bank with electronic trading platforms (ETPs) for the trading of certain instruments.
The platform provider has been awarded three framework agreements in relation to the European Central Bank and other Eurosystem National Central Banks (NCBs).
Bloomberg will supply the European Central bank with platforms for Euro, US Dollar (USD) and Japanese Yen (JPY) denominated government bonds and USD and JPY interest rate swaps, as well as USD and JPY denominated Futures contracts.
Trades will take place on Bloomberg’s Netherlands based MTF, BTFE and futures trading will be supported by Bloomberg’s multi-asset execution management system, Bloomberg Tradebook ISV and EMSX.
“We are pleased to have been awarded these contracts,” said Nicholas Bean, global head of electronic trading solutions at Bloomberg. “We are committed to providing the ECB and NCBs with access to our deep pools of liquidity, innovative trade execution protocols and robust trading infrastructure.”
Also announced today, 2 April, was news that Tradeweb had won the bid to provide the central bank with ETPs that will cover the trading of EUR-denominated bonds, US Treasuries, Japanese government bonds, USD- and EUR-denominated supranationals, sovereign and agency bonds and USD- and JPY-denominated interest rate swaps.