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Bloomberg Electronic Markets Brings Automation to its Japanese Government Bond Market-on-Close Functionality
Bloomberg announced the first successful fully automated Japanese Government Bond Market-on-Close trade after introducing a new workflow.
The workflow is aligned with BB3P, the Japanese Government Bond Market-on-Close reference rate, and aims to reduce tracking error while ensuring execution at a set closing time.
Bloomberg Electronic Markets combines Bid/Offer List Trading with Rule Builder to automate order routing through TSOX based on client-defined conditions.
The workflow expands Bloomberg’s Market-on-Close service, which also supports U.S. Treasuries, Canadian government bonds, U.K. Gilts, and European government bonds.