Bloomberg Strengthens Municipal Securities Trading with New Platform Launch

Bloomberg, a provider of financial software, data, and media, has initiated a new Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term for municipal securities, which can be utilized through the Bloomberg Professional service. The new application will focus on municipal bonds, featuring revamped trading capabilities, according to a company report.

To unlock the Asian market, register now to the iFX EXPO in Hong Kong.

Muni Bids Wanted {MBW } serves as a list trading application – the new platform will cater to existing Bloomberg users, helping clients electronically submit a bids wanted list of municipal securities to dealers for execution. The launch is important for users as it helps provide access to consolidated Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and trading, in addition to straight-through processing (STP) in a bid to help automate the trading of municipal bonds.

Pent Up Demand Driving New Muni Bonds’ Functionality

Asset managers will also be given multiple options from which to stage muni bids wanted requests. Moreover, the platform will be fully assimilated into Bloomberg’s Fixed Income Execution Management System (TSOX) as well as its order management systems – enabling a fully streamlined approach for users.

According to Nicholas Bean, Head of Product, Fixed Income Trading at Bloomberg, in a recent statement on the platform launch: “As the popularity of separately managed accounts continues to grow, clients have requested automated, electronic processing tools for munis. MBW addresses this need with an unprecedented level of efficiency, allowing traders to execute lists in minutes.”

“Our research shows more than half of investors now trade municipal bonds electronically. This increased demand is driving market participants to seek solutions that streamline and help manage the trading process,” added Kevin McPartland, Head of Market Structure & Technology Research at Greenwich Associates.