Bloomberg Expands Australia EFP Trading, Completing 1st Electronic Deal With HESTA and ANZ
Updated
Updated · PR Newswire · May 20
Bloomberg Expands Australia EFP Trading, Completing 1st Electronic Deal With HESTA and ANZ
2 articles · Updated · PR Newswire · May 20
Bloomberg said the first electronic Exchange-for-Physical trade on its enhanced Australian workflow was completed on May 19, with HESTA participating and ANZ acting as market maker.
The upgrade lets clients negotiate Australian bonds electronically against a benchmark bond future as one contingent package, reducing execution risk and supporting straight-through processing.
Bloomberg said the expansion deepens its investment in Australia as it builds out liquidity access and fixed-income trading tools for regional clients.
EFP trades are a core part of Australia's debt capital markets, and Bloomberg said the new setup also integrates order management systems for RFQ and RFM workflows.
Is Bloomberg’s new trading tool a move to lock clients into its ecosystem and sideline competitors in Australia's financial markets?
As algorithms trade Australian bonds, what new 'flash crash' risks emerge for the A$993 billion debt market?