Union Investment has completed the first buy-side block trade on Eurex’s request-for-quote (RFQ) platform, EnLight, enabled via Bloomberg Tradebook, The TRADE has learnt.
Stefan Thomsen
Specifically, the offering provides asset managers, hedge funds and institutional investors a new access model and tools to leverage off-book liquidity full electronically through a regulated exchange, combining complete audit trail and straight-through processions.
By integrating with Bloomberg Tradebook, buy-side users also gain direct access to bank and market maker liquidity for options and futures, as well as reduce risk and enhance efficiency by digitalising the audit trail and trade processing.
The move also follows the launch of Eurex Enlight accessibility via Bloomberg Tradebook in February 2025, which expanded access to Eurex member banks and market makers within the existing CCP environment via the Bloomberg Tradebook front-end.
Speaking to The TRADE, Stefan Thomsen, senior business expert trading at Union Investment, explains: “Our set up here at Union Investment is now much more efficient with this new functionality. We are delighted about being the first address trading directly via Bloomberg Tradebook with the power of EnLight’s selective RFQ.”
Key capabilities of the functionality include: full straight-through processing to reduce deal wait times, trader control over leakage management, and quick strategy quotes through electronic responders, allowing the buy-side to retain full control over hitting and lifting quotes.
Read more – Eurex unveils new access model to lower entry barriers for buy-side
Matthias Graulich, head of global products and markets at Eurex, adds: “By combining the reach of Bloomberg Tradebook with the power of EnLight’s selective RFQ mechanism, we offer a fully electronic, exchange-based solution for off-book trading that is easy to implement, compliant from the ground up, and delivers real value through tighter pricing and full straight-through processing.”