Using SwapTrader, Bloomberg says its customers can change both the effective and/or maturity dates of the swap, creating structures that most precisely match their investment needs.
As with the standard tenors, a request for quote can be sent to up to three dealers. In addition, the completed trade is integrated with Bloomberg’s Swap Manager for execution and analytics.
Currently, the Bloomberg SwapTrader platform offers electronic trading in vanilla swaps denominated in US dollars and euros. Bloomberg users are able to obtain pricing quotes simultaneously from up to three banks and then execute the trade at the best quoted price. Using straight-through processing (STP), trade confirmation is handled electronically to improve efficiency and reduce the risk of pricing and trading error. Trade data is readily accessible to allow integration into a customer’s settlement and risk management systems.
