Norges Bank Adopts Bloomberg Trading System for Government Securities

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 authorized market participants a consolidated marketplace with a complete set of electronic trading tools supporting their full 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 Electronic Trading Solutions at Bloomberg, said: “Debt markets require robust technical infrastructure solutions that are tailored to market requirements, and enable oversight and straight-through processing. Our extensive experience in supporting fixed income trading and issuance processes allows us to provide institutions such as Norges Bank with solutions that can easily be adapted to their needs and fully integrated with their systems.”

Bloomberg’s E-Bond system for Norwegian government securities is supported on Bloomberg’s Dutch 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 helps 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 fully integrated with the data, news, analytics and communications tools available on the Terminal.

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