Bloomberg inks Indonesia bond trading deal

Bloomberg inks Indonesia bond trading deal

The Inter-Dealer Market Association of Indonesia has selected Bloomberg to provide an electronic dealing platform for the Indonesian Rupiah-denominated government bond.

Bloomberg says beginning in Q4 2005, all Indonesian primary bond dealers in the domestic market conducting electronic transactions will use its fixed income trading platform.

The average daily trading volume in Indonesian Government Bonds is IDR 2.1 trillion ($200 million).

The fixed income trading system is integrated with the Bloomberg Professional terminal, allowing primary bond dealers to automate requests for quotes and enter bids directly on their screens.

Yudhi Ismail, executive director of the Inter-Dealer Market Association of Indonesia, says: "Utilising Bloomberg's global reach in the investment community, we aim to attract increased investment inflows into Indonesia, and therefore increase the liquidity and depth of the local markets."

The vendor signed a deal with The Monetary Authority of Singapore for its OTC bond trading system in December last year.

Comments: (0)

sponsored

Trending