Bloomberg Expands RFQe Trading to 3 Australian Asset Classes, Completing First Deal
Updated
Updated · The TRADE News · Jul 31
Bloomberg Expands RFQe Trading to 3 Australian Asset Classes, Completing First Deal
2 articles · Updated · The TRADE News · Jul 31
Summary
Bloomberg has extended its electronic RFQe workflow to Australian onshore-listed ETFs, options and futures, and said the first transaction has already been completed.
ASIC enabled the rollout through a rule variation that lets RFQe cover Australian-listed products, allowing eligible local participants to negotiate those instruments electronically.
The expansion gives investors in domestic and offshore ETF markets access to multi-dealer liquidity and links Bloomberg’s EMSX and AIM tools into a full electronic audit trail.
Bloomberg said the setup should reduce reliance on voice and messaging in these markets, building on its May expansion of exchange-for-physical trading for Australian bonds and futures.