Brazilian government bonds are now traded via the Bloomberg E-Bond platform accessible via the BLOOMBERG PROFESSIONAL(R) service.
“The launch of the Bloomberg E-Bond platform for local Brazilian government bonds will increase market liquidity, giving Bloomberg users improved access to the trade environment. This initiative represents a remarkable method to trade Brazilian government bonds with transparency, agility and efficiency,” says Paulo Valle, deputy treasury secretary of Brazil.
Jointly developed by Bloomberg and the market maker community, the Bloomberg E-Bond platform provides electronic trading tools for the market’s main players including primary dealers, specialist dealers and the country’s top inter-dealer brokers (IDB).
Using Bloomberg E-Bond, eligible dealers can post firm quotes on a no-names basis to other participants they have selected or through an IDB. Once two participants agree on a transaction, their identities will be disclosed to each other. Participants then clear and settle the transactions outside the system using their customary procedures. During designated time shifts these firm quotes will count towards the national ranking system that grants dealers access to primary auctions.
Participants have access to a robust set of tools that includes request for quote (RFQ) and the ability to confirm over-the-counter (OTC) trades with each other. The combination of firm quotes and the ability to record OTC trades provides a unique real-time tool to track overall available market liquidity with unprecedented efficiency.
Bloomberg users can track global and local news, monitor market prices, analyze and compare government bonds, communicate with brokers and clients and execute their trades using E-Bond, managing workflow in a single, consolidated venue. Additionally participants can seamlessly integrate accepted trades into their Order Management Systems for a complete automated workflow.
Bloomberg E-Bond Brazil is available using the function EBND-GO accessible via the BLOOMBERG PROFESSIONAL(R) service.
The electronic trading platform for Brazilian local government bonds is provided by Bloomberg and its affiliate Bloomberg Tradebook do Brasil Ltda.
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