Indicative prices from Hong Kong market makers are now available for onshore investors to view via the CFETS bond trading platform to improve price discovery.
Stock links and connects are highly contrived and usually unnecessary, but Richard Meyer finds out that when they are needed, they tend to work well.
Bloomberg has introduced real-time streaming liquidity and automated workflow for investors accessing the Bond Connect scheme.
Deutsche Bank expects activity on China’s Bond Connect to increase, forecasting a further $120 billion flow into onshore bonds in the next few years.
Tradeweb set several new average daily trading records in June this year, with Chinese bond trading reaching $1.1 billion.
Bloomberg will allow pre- and post-trade allocations so that clients can trade for multiple funds in one block on Bond Connect.
Tradeweb became the first trading platform to provide an offshore trading platform for the Bond Connect trading link.
Bloomberg claims position as the first platform connected to CFETS to offer global investors access to the CIBM Direct and Bond Connect initiatives.
Bloomberg follows Tradeweb as the second approved trading platform provider on Bond Connect, the cross-border trading link in Asia.
Tradeweb’s block trade allocation function is expected to see trading volumes increase on Bond Connect.