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Bloomberg BondTrader Has Record Volume Increase in Europe
NEW YORK, May 15 2006--
- Reflects Bloomberg's Expansion as E-trading solution for European Buyside
Bloomberg, the leading global provider of data, news and analytics, today announced record first-quarter European trade volume increases in bond trading on Bloomberg BondTrader, its fixed income electronic trading platform on the BLOOMBERG PROFESSIONAL(R) service.
In European credit bonds, Bloomberg BondTrader transacted a total of US$90 billion during the first three months of 2006, an increase of 25% from the first quarter of 2005. Multi-dealer inquiry ("RFQ") volume hit record levels and increased 50% over the same period in 2005, reflecting Bloomberg's growth as an e-trading solution amongst large European institutional buyside traders. More than 1,500 end client firms traded credit on Bloomberg during the first quarter of 2006.
In European government bonds, Bloomberg transacted a total of US$311 billion over the BondTrader platform during the first quarter. As with other asset classes, multi-dealer ("RFQ") inquiry volume hit record levels, increasing 65% above the same period last year. Bloomberg BondTrader also saw strong growth in covered bonds, with RFQ levels up 75% over the first quarter of 2005. More than 1,200 end client firms traded European government bonds on Bloomberg during the first three months of 2006.
Russel Levi of Bloomberg commented, "Bloomberg's market share for electronic trading continues to grow rapidly. Bloomberg BondTrader's transparency and best execution, integrated with the unparalleled breadth of functionality on the BLOOMBERG PROFESSIONAL service, has led to a dramatic growth in volumes on Bloomberg BondTrader. Dealers and end clients are increasingly looking for a consolidation of their activity in different asset classes onto platforms that are well distributed, well integrated and where they can meet each other without incurring additional costs."
These functions, and more information, are available on the BLOOMBERG PROFESSIONAL service via ALLQ < GO >, BBT < GO >, BBTI < GO >, ET < GO >, BOOM < GO >, and ECPX < GO >.
About Bloomberg
Bloomberg is the leading global provider of data, news and analytics. The BLOOMBERG PROFESSIONAL(R) service and Bloomberg's media services provide real-time and archived financial and market data, pricing, trading, news and communications tools in a single, integrated package to corporations, news organizations, financial and legal professionals and individuals around the world.
Bloomberg's media services include the global BLOOMBERG NEWS(R) service with more than 1,900 professionals in 125 bureaus worldwide; the BLOOMBERG TELEVISION(R) 24-hour business and financial network produced and distributed worldwide on ten separate channels in seven languages; and BLOOMBERG RADIO(SM) services which provide up-to-the-minute news on XM, Sirius and WorldSpace satellite radio around the world and on WBBR 1130AM in New York.
In addition, Bloomberg publishes Bloomberg Markets(R) magazine and BLOOMBERG PRESS(R) books for investment professionals.
For more information please visit http://www.bloomberg.com
