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

Upcoming Webinar: Unlocking value: Harnessing modern data platforms for data integration, advanced investment analytics, visualisation and reporting

4 September 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes Modern data platforms are bringing efficiencies, scalability and powerful new capabilities to institutions and their data pipelines. They are enabling the use of new automation and analytical technologies that are also helping firms to derive more value from their data and...

BLOG

Quant House Expands US Equity Market Data Offering Through Cboe Partnership

Quant House, the API Data and Trading Solutions business of Iress, has partnered with Cboe Global Markets to enhance its US equity market data offering through the Cboe One Feed. The Cboe One Feed provides a consolidated view of market activity across Cboe’s four US equity exchanges, delivering real-time reference quotes and trade data. It...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...