Eurex Enlight now accessible via Bloomberg Tradebook
27 February 2025 UK
Image: TA_Design/stock.adobe.com
Bloomberg Tradebook has collaborated with Eurex to facilitate off-book trading for equity options, futures, and FX derivatives.
This collaboration will offer direct access to Eurex Enlight member banks and market makers within the existing CCP environment via the Bloomberg Tradebook front end.
André Eue, head of market development and pricing at Eurex, comments: “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.”
The service allows firms to use their existing clearing broker relationships instead of entering triparty give-up agreements with Eurex market makers.
According to Bloomberg, the integration will help electronify the European off-book market and provide firms with direct control over their trading flow.
Eurex market makers will be able to respond to this flow without incurring additional costs, which Bloomberg states could enable tighter spreads and increased participation.
The service integrates Eurex with Bloomberg Tradebook, allowing firms to use existing clearing setups.
Bloomberg also says that customisable RFQs will give clients control over trade visibility and anonymity.
The connectivity is intended to provide access to off-book trading, which allows market participants to complete large orders outside order books, potentially reducing information leakage.
Brian Coffaro, global head of futures and options trading at Bloomberg, adds: “As market participants explore different ways to trade, Bloomberg is focused on providing them with access to robust trading tools alongside our data and analytics to help them efficiently find the other side of their trades at the best available price.”
This collaboration will offer direct access to Eurex Enlight member banks and market makers within the existing CCP environment via the Bloomberg Tradebook front end.
André Eue, head of market development and pricing at Eurex, comments: “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.”
The service allows firms to use their existing clearing broker relationships instead of entering triparty give-up agreements with Eurex market makers.
According to Bloomberg, the integration will help electronify the European off-book market and provide firms with direct control over their trading flow.
Eurex market makers will be able to respond to this flow without incurring additional costs, which Bloomberg states could enable tighter spreads and increased participation.
The service integrates Eurex with Bloomberg Tradebook, allowing firms to use existing clearing setups.
Bloomberg also says that customisable RFQs will give clients control over trade visibility and anonymity.
The connectivity is intended to provide access to off-book trading, which allows market participants to complete large orders outside order books, potentially reducing information leakage.
Brian Coffaro, global head of futures and options trading at Bloomberg, adds: “As market participants explore different ways to trade, Bloomberg is focused on providing them with access to robust trading tools alongside our data and analytics to help them efficiently find the other side of their trades at the best available price.”
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