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

Celebrating Excellence at the TradingTech Insight Awards Europe 2026

The pace of change across trading technology shows no sign of slowing. As markets become more complex, data-intensive and performance-driven, firms are rethinking how infrastructure, analytics and execution workflows interconnect across the trading lifecycle. Against this backdrop, the TradingTech Insight Awards Europe 2026 brought the industry together to recognise the solution providers delivering measurable impact...

EVENT

TradingTech Summit New York

Our TradingTech Summit in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

The Global LEI System – A Solution for Entity Data?

The Global LEI System – or GLEIS – has been in development since the middle of last year. Development has been patchy at times, but much has been done, leaving fewer outstanding issues, but also raising new questions. What’s emerging is a structure for the GLEIS going forward, complete with a mechanism for registering and...