Fixed Income Trading

FIT, Bloomberg’s fixed income trading platform, links all available fixed income electronic trading products into one portal and provides multi-dealer, executable composite pricing, so you can stage, monitor, trade and allocate trades through a single function on the Bloomberg Terminal. You can also trade with FIT from your TSOX blotter.

The FIT market monitor allows you to watch the current bid and ask prices for a type of security within your chosen market, so you can follow market movements and identify the rates at which you want to trade. You can simply click a price or enable a multi-leg deal to submit a trade ticket to your chosen dealers.

Bloomberg BOLT is list trading platform that allows you to access a deep pool of liquidity for investment grade, high yield, emerging markets (EM), credit default swaps (CDS), interest rate swaps (IRS) and municipal bonds.

Bloomberg multilateral trading facility, BMTF, is a robust trading platform for trading cash bonds, IRS, CDS, Repos, ETFs, listed options and FX derivatives. Bloomberg has examined and built upon its existing end-to-end trading workflows to offer an efficient trading platform and ensure a seamless transition into the MiFID II regulatory environment.

Bloomberg SEF is registered with the Commodity Futures Trading Commission (CFTC), with participants actively trading Permitted Transactions in CDS, IRS, FX and commodity derivatives.

How we help our clients

Rates & U.S. Treasuries

Fixed income is entering a new era of electronification. Staying ahead means using integrated, data-driven platforms that are built for the future.

Designed for the next generation of fixed income traders, Bloomberg’s trading platform and complete execution management solution combine advanced trading technology, functionality and straight-through processing across every asset class — delivering greater liquidity, efficiency and transparency to every trade.

The recent launch and trading of standardized TRS contracts on the Bloomberg Fixed Income Indices (BTRS) enables investors to gain synthetic exposure to cash bonds and, specifically, the market leading fixed income benchmark.

Total Return Swaps (TRS) provide an alternative vehicle to trading the underlying index of cash securities, to simplify the transaction and avoid the infrastructure and maintenance associated with cash positions. TRS are usually structured with a total return leg (on the underlying index) versus the funding leg (usually Libor or other funding benchmarks).

TRS on Bloomberg’s market leading indices are designed to assist traditional PMs in matching benchmark returns or to hedge risk exposure using derivative trades. Bloomberg dealer pages, advanced analytics in pricing and in risk, and electronic trading platforms will help facilitate flow/liquidity in this instrument.

Key benefits of BTRS contracts include:

• Standardization of the deal structure, quoting convention and pricing
• Quarterly maturing contracts expire at the end of IMM months (March, June, September, December) to enhance liquidity
• The ability to collapse trades. e.g., monthly deal cash flows and resets will match due to the standardized nature of the contract
• End-of-month resets and payments consistent with portfolio management performance practices on the corresponding cash product portfolio
• Transparency and pricing of the underlying indices provided by Bloomberg
• Funding legs based on one-month Libor “flat”
• Well positioned to become clearing-eligible

For more information, please contact btrs1@bloomberg.net

How we help our clients