‘Bloomberg Secures Deals to Provide Electronic Trading Platforms for European Central Bank’

Bloomberg Secures Contract to Provide Electronic Trading Platforms for European Central Bank

Bloomberg has successfully secured a bid to supply the European Central Bank with electronic trading platforms (ETPs) for the trading of various instruments. The platform provider has been granted three framework agreements related to the European Central Bank and other Eurosystem National Central Banks (NCBs).

As part of the agreement, Bloomberg will be supplying the European Central Bank with platforms for Euro, US Dollar (USD), and Japanese Yen (JPY) denominated government bonds, as well as USD and JPY interest rate swaps, and USD and JPY denominated Futures contracts. The trades will occur on Bloomberg’s Netherlands-based MTF, with support for futures trading provided by Bloomberg’s multi-asset execution management system, Bloomberg Tradebook ISV, and EMSX.

Nicholas Bean, global head of electronic trading solutions at Bloomberg, expressed his satisfaction with being awarded these contracts, stating, “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.”

In related news, it was announced on 2 April that Tradeweb had also won a bid to provide the central bank with ETPs covering the trading of EUR-denominated bonds, US Treasuries, Japanese government bonds, USD and EUR-denominated supranationals, sovereign and agency bonds, as well as USD and JPY-denominated interest rate swaps.