Bloomberg has secured contracts with the European
Central Bank (ECB) to provide Electronic Trading Platforms (ETPs). These
contracts allow Bloomberg to offer ETPs for trading various currencies such as euro, US dollar,
and Japanese yen (JPY) denominated government bonds.
According to a report by Bloomberg, the contracts,
which involve other Eurosystem National Central Banks, encompass futures
contracts denominated in USD and JPY.
Under the agreement, trading will be conducted from Bloomberg’s Netherlands-based trading platform, BTFE. The futures trading
contracts will be supported by Bloomberg’s multi-asset execution management
system. Bloomberg’s electronic trading solutions are utilized by financial institutions globally, with over 9,000
firms accessing liquidity across asset classes from over 700
dealers.
Bloomberg offers market participants solutions across the trading lifecycle, including price,
analytics, automation, and execution. Powered by Bloomberg’s multi-asset
Multi-Asset
Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically
Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically
Read this Term class
data and tools, these solutions enable financial institutions to trade in over
175 markets worldwide.
Nicholas Bean, the Global Head of Electronic Trading
Solutions at Bloomberg, mentioned: “We are pleased to have been awarded these
contracts. We are committed to providing the ECB and NCBs access to our
deep pools of liquidity, innovative trade execution protocols, and robust
trading infrastructure.”
Meanwhile, the ECB plans to introduce a digital version of the
euro to enhance electronic payment options across the eurozone. This initiative
is a response to the surging trend of electronic payments
Payments
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl
Read this Term within the European
Union.
Digital Euro
Despite its promising prospects, the digital euro
project has faced criticism and raised concerns from various stakeholders.
Bankers and regulators fear potential disruptions to the commercial banking
sector, while academics and privacy watchdogs highlight issues about data privacy and security.
To mitigate these concerns, the ECB plans to impose
caps on individual holdings of digital euros and pledges not to retain
transaction-specific data. The introduction of the digital euro is expected to
introduce competition into the payments market, which is currently dominated by
US credit card companies.
This move aligns with the ECB’s vision to foster
innovation and enhance consumer choice in electronic payment solutions.
Moreover, the distribution of the digital euro will involve collaboration
between the ECB, commercial banks, and digital wallet providers.
Bloomberg has secured contracts with the European
Central Bank (ECB) to provide Electronic Trading Platforms (ETPs). These
contracts allow Bloomberg to offer ETPs for trading various currencies such as euro, US dollar,
and Japanese yen (JPY) denominated government bonds.
According to a report by Bloomberg, the contracts,
which involve other Eurosystem National Central Banks, encompass futures
contracts denominated in USD and JPY.
Under the agreement, trading will be conducted from Bloomberg’s Netherlands-based trading platform, BTFE. The futures trading
contracts will be supported by Bloomberg’s multi-asset execution management
system. Bloomberg’s electronic trading solutions are utilized by financial institutions globally, with over 9,000
firms accessing liquidity across asset classes from over 700
dealers.
Bloomberg offers market participants solutions across the trading lifecycle, including price,
analytics, automation, and execution. Powered by Bloomberg’s multi-asset
Multi-Asset
Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically
Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically
Read this Term class
data and tools, these solutions enable financial institutions to trade in over
175 markets worldwide.
Nicholas Bean, the Global Head of Electronic Trading
Solutions at Bloomberg, mentioned: “We are pleased to have been awarded these
contracts. We are committed to providing the ECB and NCBs access to our
deep pools of liquidity, innovative trade execution protocols, and robust
trading infrastructure.”
Meanwhile, the ECB plans to introduce a digital version of the
euro to enhance electronic payment options across the eurozone. This initiative
is a response to the surging trend of electronic payments
Payments
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl
Read this Term within the European
Union.
Digital Euro
Despite its promising prospects, the digital euro
project has faced criticism and raised concerns from various stakeholders.
Bankers and regulators fear potential disruptions to the commercial banking
sector, while academics and privacy watchdogs highlight issues about data privacy and security.
To mitigate these concerns, the ECB plans to impose
caps on individual holdings of digital euros and pledges not to retain
transaction-specific data. The introduction of the digital euro is expected to
introduce competition into the payments market, which is currently dominated by
US credit card companies.
This move aligns with the ECB’s vision to foster
innovation and enhance consumer choice in electronic payment solutions.
Moreover, the distribution of the digital euro will involve collaboration
between the ECB, commercial banks, and digital wallet providers.