The tool uses real-time trade data, security master data and statistical modeling to update prices every 30 seconds, providing traders with price transparency and eliminating the need for manual credit spread adjustments in periods of market volatility or decreased volume.
"The corporate bond market can be complex and thinly traded, which can often raise concerns about liquidity," says Ben Macdonald, global head of product at Bloomberg, in a statement. "By giving more pre-trade transparency wher
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails