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Bloomberg Electronic Markets brings automation to JGB Market-on-Close functionality
·Source: Finextra
Updated:
Executive Summary
Bloomberg announced the first successful fully automated Japanese Government Bond (JGB) Market-on-Close trade, following the introduction of a new workflow. Aligned to BB3P (Hikene Trading), the Market-on-Close reference rate for JGBs, the automated workflow helps minimize tracking error and provides certainty of execution at a specific close time.
Analysis
Bloomberg announced the first successful fully automated Japanese Government Bond (JGB) Market-on-Close trade, following the introduction of a new workflow. Aligned to BB3P (Hikene Trading), the Market-on-Close reference rate for JGBs, the automated workflow helps minimize tracking error and provides certainty of execution at a specific close time.