Bloomberg Tradebook and Eurex announced a new collaboration that will allow market participants to directly access Eurex Enlight via Bloomberg Tradebook.
Bloomberg Tradebook and Eurex Announce New Collaboration
The companies expect the collaboration to enhance efficiency and transparency in off-book trading.
The partnership enables firms to use their existing clearing broker relationships to trade Eurex equity options, futures, and FX derivatives, removing the need for tri-party agreements with Eurex Market Makers. The integration will electronify the European off-book market.
André Eue, Head of Market Development & Pricing at Eurex, described the development as a “major step forward” in improving market efficiency: “Direct access to Enlight through Bloomberg Tradebook represents a major step forward in providing market participants with greater efficiency, cost savings, and control in off-book trading.”
Market Makers on Eurex will be able to respond directly to order flow with no additional costs, potentially offering tighter spreads and greater liquidity.
Participants are also expected to benefit from integration with their existing workflows, ensuring a smooth transition to the new trading model.
Brian Coffaro, Global Head of Futures and Options Trading at Bloomberg, added: “As market participants explore different ways to trade, Bloomberg is focused on providing them with access to robust trading tools alongside our leading data and analytics to help them efficiently find the other side of their trades at the best available price.”
