Bloomberg Awarded Electronic Trading Platform Contracts from ECB

Bloomberg won the contractt to provide the European Central Bank (ECB) with electronic trading platforms (ETPs) for the trading of certain instruments, such as EUR, USD, JPY denominated government bonds, USD and JPY interest rate swaps, and USD and JPY denominated futures contracts.

Trades will be executed on Bloomberg’s Netherlands based trading facility BTFE and futures trading will be supported by Bloomberg’s multi-asset execution management system, Bloomberg Tradeb​ook ISV and EMSX.

The platform provider has been awarded three framework agreements in relation to the European Central Bank and other Eurosystem National Central Banks (NCBs).

“We are pleased to have been awarded these contracts,” said Nicholas Bean, global head of electronic trading solutions at Bloomberg. “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.”

Selecting Bloomberg as the ETP vendor is a response to the surging trend of electronic payments within the European Union, as ECB is planning to introduce digital euros to enhance electronic payment options across the eurozone.