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Romania Selects Bloomberg's E-Bond System to Monitor Market-Makers
Traders Magazine Online News, May 31, 2017
Bloomberg and the Ministry of Public Finance of Romania announce that the Bloomberg E-Bond trading system, a new electronic trading system for Romanian local currency government bonds and bills is the official platform used by the Ministry of Public Finance to assess the market-making performance of the primary dealers.
The system commenced operation in May, 2015 and became the Ministry of Public Finance’s official market platform on January 1st, 2017.
The Bloomberg E-Bond system provides electronic trading functionality for participants in the Romanian government bonds and bills market, and provides market surveillance tools to the Ministry of Public Finance. The system is the primary execution system for local currency government bonds and bills trading in Romania’s inter-dealer market.
The Ministry of Public Finance said: “By implementing the E-Bond platform, the Ministry of Public Finance has achieved its goals to boost transparency in pricing government securities on the secondary market, to improve liquidity. It is an optimized tool at Ministry of Finance level to assess the primary dealers’ performance related to the minimum market-making requirements.”
“We are delighted to bring the Bloomberg E-Bond system to Romania in partnership with the Romanian Ministry of Public Finance, and contribute to increasing the transparency, liquidity and efficiency of the Romanian government bond and bills market,” said Nicholas Bean, Bloomberg’s Global Head of Fixed Income Trading. “We look forward to working with the Romanian local market maker community to provide technical infrastructure and solutions to improve the functioning of capital markets in Central Eastern Europe.”
The Bloomberg E-Bond system provides a complete, consolidated marketplace for Romanian governments bonds and bills, offering market participants a robust and flexible set of tools supporting the full trade workflow. This includes pre-trade price discovery and analytics, the ability to handle multi-dealer RFQ and order trading, downstream integration with banks’ middle and back office systems, and integrated trade capture and reporting tools. In addition, market oversight entities and regulators can use the system to grade their market maker performance based on system-provided reporting and analytics.
Available to subscribers of the Bloomberg Professional service at EBND, the trading system is fully integrated with Bloomberg’s data, news, analytics and communications tools to provide clients active in the Romanian debt market with a single, comprehensive solution.
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