The functionality broadens the firm’s portfolio trading capabilities as clients adopt spread-based execution in European credit.
Bloomberg has introduced spread-to-benchmark quoting and trading for euro- and sterling-denominated portfolio-trading baskets through its Portfolio Trading Basket Builder (PTBB), expanding quoting protocols available to clients in European credit markets. The functionality will complement Bloomberg’s existing portfolio-trading capabilities The firm noted that spread-to-benchmark quoting was already a well-established protocol for US dollar credit portfolio trades and extending it to eu