Bloomberg will add T-Zero’s post-trade services for credit derivative trades to its BLOOMBERG PROFESSIONAL platform, the company announced Wednesday.
This addition of the new service, which services more than 250,000 users of CDS straight through processing, continues an industry-wide effort to improve the efficiency and ease of STP credit derivatives market.
“This initiative is great news for the CDS market” says Michael Hintze, CEO of CQS. “This new partnership makes STP for CDS a reality for thousands of buy side firms through ease of adoptability and is vital in addressing the current issues facing the industry.”