About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Bloomberg Increases Transparency in US Treasuries and Interest Rate Swaps Pricing

Subscribe to our newsletter

Bloomberg has introduced Bloomberg Capital Markets Package (BCMP), a data service that combines NEX’s BrokerTec US treasuries data with US dollar spread-over data from Tradition’s Trad-X platform to increase market transparency and provide the global issuance and derivatives community with intuitive access to the firms’ datasets.

Bloomberg says consolidating the BrokerTec and Trad-X data – BrokerTec is a market leader in US treasury data and Tradition’s Trad-X offers liquidity and transparency in interest rate swaps – means BCMP will be the most liquid and transparent US capital market reference data available. The increased market transparency results from a deep set of consistent two-way pricing, along with indicators of current tradability. The service is available on a subscription basis via the Bloomberg Terminal or as a data feed.

Philip Cenatiempo, head of corporate strategy at Bloomberg, says: “There is a lot of industry interest in a move to methodologies that input actual market prices, rather than indicative prices, into benchmarks. Making this electronic transaction-based data available in BCMP responds to this move and to what we believe regulators want to see reference pages looking like in future.”

Kevin Taylor, managing director at NEX Data, and Scott Fitzpatrick, global head of Tradition Market Data and CEO of the Tradition SEF, agree that combining data from the Trad-X US interest rate swap platform with data from Broker Tec’s electronic US treasury platform will provide a robust and dependable pricing and reference service for US dollar interest rate products.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: The Role of Data Fabric and Data Mesh in Modern Trading Infrastructures

The demands on trading infrastructure are intensifying. Increasing data volumes, the necessity for real-time processing, and stringent regulatory requirements are exposing the limitations of legacy data architectures. In response, firms are re-evaluating their data strategies to improve agility, scalability, and governance. Two architectural models central to this conversation are Data Fabric and Data Mesh. This...

BLOG

From Noise to Signal: How AI is Revolutionising Data Discovery for Traders and Investment Managers

The financial markets have never suffered from a lack of data. If anything, the challenge for modern traders and investment managers is quite the opposite: they are drowning in it. From real-time pricing and news feeds to unstructured earnings call transcripts and social media sentiment, the volume of information is immense. The critical differentiator in...

EVENT

RepRisk Sustainability Breakfast Roundtable London

Now in its 9th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

The Reference Data Utility Handbook

The potential of a reference data utility model has been discussed for many years, and while early implementations failed to gain traction, the model has now come of age as financial institutions look for new data management models that can solve the challenges of operational cost reduction, improved data quality and regulatory compliance. The multi-tenanted...