New York, March 12, 2012 – NYSE Euronext's fixed income trading platform, NYSE Bonds, and Bloomberg Trade Order Management Solutions (TOMS) now offer sell-side fixed income dealers an integrated platform to access the U.S. corporate bond market. Dealers using Bloomberg TOMS, the leading order management platform for U.S. fixed income securities, can now trade on the NYSE Bonds marketplace via the Bloomberg Professional® service, which is used globally by more than 310,000 subscribers.
On NYSE Bonds, institutional and executable orders entered by NYSE members or sponsored participants are displayed on NYSE Bonds' order book and executed on a strict price/time priority. Bloomberg TOMS integrates with NYSE Bonds via a FIX connection that supports market data for price discovery and order management services.
“We are pleased to work with Bloomberg TOMS to provide clients a cost efficient, one stop solution to trading on NYSE Bonds,” said Kevin Molloy, Managing Director, NYSE Euronext Fixed Income Group. “Global dealers using Bloomberg TOMS can now make markets, hit and lift markets and route customer orders directly to NYSE Bonds. The connectivity this offering provides supports our efforts to increase liquidity in the U.S. bond markets.”
This fully-integrated offering enables Bloomberg TOMS clients to manage inventory, pricing, market making, risk and P&L as one customizable workflow. In addition, users can optimize trading, increase global distribution and improve operational efficiency. Specific features of the offering include:
• Real-time view of NYSE Bonds markets with full depth of book
• Ability to hit/lift NYSE Bonds markets using Bloomberg TOMS
• Straight-Through-Processing (STP) of orders from NYSE Bonds to Bloomberg TOMS and back office systems for efficient execution and reporting
• Inventory acquisition from NYSE Bonds to fill open client orders
• Contribution of executable orders from Bloomberg TOMS to NYSE Bonds’ order book to provide liquidity
"Electronic trading in the fixed income market will continue to accelerate in response to growing regulatory guidelines," said Michael Wood, Global Head of Bloomberg TOMS. "In order to effectively compete, sell-side fixed income firms will need connectivity to global liquidity platforms and wholesale markets. By integrating the order management system into this workflow, these firms are able to increase trade volumes and improve operational efficiency."
To celebrate this unique offering, representatives from Bloomberg TOMS visited the NYSE to ring The Opening Bellsm.
Link to the Opening Bell video:
Bloomberg TOMS rings The Opening Bell.
Michael Wood, Global Head of Bloomberg TOMS and Kevin Molloy, Managing Director in the NYSE Euronext Fixed Income Group, on the floor of the New York Stock Exchange.
For more information about the NYSE Bonds platform please contact the sales team:
Phone: (212) 656-2663
To learn more about Bloomberg TOMS, email the TOMS team at firstname.lastname@example.org
About NYSE Euronext:
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets – the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca – represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the Fortune 500. For more information, please visit: http://www.nyx.com
About Bloomberg TOMS
Bloomberg Trade Order Management Solutions, known as TOMS, delivers global, multi-asset sell-side solutions for front-end inventory, trading and middle and back office operations. TOMS helps organizations manage inventory, market-making, intraday risk and compliance, P&L, and end-of-day close in a fully customizable workflow. TOMS enables customers to optimize their trading workflow, increase global distribution to the markets, manage risk and compliance, and improve operational efficiency. Bloomberg TOMS was voted by clients as the "Best Sell-Side OMS provider" for the past two years in a survey by Waters Technology magazine. For more information, please visit: http://www.bloomberg.com