Norges Bank, the central bank of Norway, has adopted Bloomberg E-Bond as the trading platform for its inter-dealer market in Norwegian government bonds and Treasury bills. Earlier this year, Norges Bank began using the Bloomberg Auction System for government securities auctions. Norges Bank manages the government debt under a mandate from the Ministry of Finance.
Bloomberg’s E-Bond system offers authorised market participants a consolidated marketplace with a set of electronic trading tools to support their workflow. It serves as the primary execution system for local currency government securities in Norway’s inter-dealer market, and provides Norges Bank with market surveillance tools.
Nicholas Bean, global head of eTrading solutions at Bloomberg, said, “Debt markets require robust technical infrastructure solutions that are tailored to market requirements, and enable oversight and straight-through processing.”
Bloomberg’s E-Bond system for Norwegian government securities is supported on Bloomberg’s Dutch multi-lateral trading facility (MTF), BTFE. The system includes pre-trade price discovery and analytics, the ability to handle both multi-dealer order trading and request-for-quote (RFQ), downstream integration with banks’ middle and back office systems, and integrated trade capture and reporting tools.
Bloomberg’s Auction System is designed to help central banks and government agencies to auction debt, FX, repos and depositary notes, by allowing market participants to track auctions and enter bids electronically. Both systems are integrated with the data, news, analytics and communications tools available on the Bloomberg Terminal.
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