Bloomberg Tradebook LLC today announced a new collaboration with European derivatives exchange Eurex.
Bloomberg Tradebook will offer the ability to directly access Eurex member Banks and Market Makers within the existing CCP environment via the Bloomberg Tradebook front-end.
Firms can use their existing clearing broker relationship, negating the need for complex tri-party give-up agreements with Eurex Market Makers. It will be available for all equity options and futures traded on Eurex as well as for all FX derivatives.
It will further electronify the European off-book business, whilst allowing firms to directly control and manage their own flow. Eurex Market Makers can respond directly to this flow without any additional costs, affording them the possibility of offering tighter spreads and greater participation.
Participants of both Eurex and Bloomberg Tradebook will benefit from seamless integration with existing…
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