China Minsheng Bank Selects a Suite of Bloomberg’s Sell-Side Solutions to Enhance Market Making Capabilities

Bloomberg announced that China Minsheng Bank, a leading Chinese commercial bank, has adopted Bloomberg’s sell-side execution management solution ETOMS, and expanded its use of Trade Order Management Solutions (TOMS) to support its RMB cash bond market-making under Bond Connect and its USD Interest Rate Swap (IRS) market-making in Hong Kong.

The use of Bloomberg’s sell-side solutions, which include TOMS and ETOMS, will help the bank optimize its trading services for international investors, automating the workflows of bond pricing, sales, and trade execution, and electronifying USD IRS market-making.

China Minsheng Bank previously adopted TOMS to book multiple asset class exposures, including foreign exchange, precious metals, bonds, repo, and interest rate derivatives, enabling real-time P&L and risk analysis, and integration with back office settlement systems. With the addition of ETOMS, China Minsheng Bank can send customized quotes to clients via pre-defined RUNZ worksheets, provide pre-trade quotes and axes into aggregation tools such as ALLQ, and display real-time quotes on a designated page of the bank on the Bloomberg Terminal, {CMBC -GO-}, enhancing communication and trading efficiency with overseas investors.

“As China’s financial markets continue to open up, China Minsheng Bank is committed to strengthening ties and communications with foreign investors and enhancing our market-making capabilities,” said Qingyu Wang, Head of Financial Markets Department at China Minsheng Bank. “Our collaboration with Bloomberg provides automated workflows for better operational efficiency, a transparent price display channel to facilitate informed decision-making and a means to reach out to global investors.”

“We are pleased to strengthen our partnership with China Minsheng Bank and support its international business development with our industry-leading sell-side solutions,” said Dahai Wang, Head of Greater China at Bloomberg. “Electronic trading and automated workflows are important trends in global finance, enhancing competitiveness through more accurate pricing, smoother trade execution, and efficient risk management.”

Bloomberg’s TOMS provides sell-side firms the ability to efficiently manage inventory, risk, P&L, compliance, and straight-through processing across various asset classes. The suite of ETOMS solutions includes market connectivity and trading tools to support a firm’s electronic trading workflows and help firms synchronise their front office risk and trading with middle-office, operations, and enterprise applications in real-time.

About China Minsheng Bank

China Minsheng Bank is the first national joint-stock commercial bank in China initiated by private enterprises, with over RMB 7.6 trillion in total assets and RMB 620 billion in net assets. China Minsheng Bank is a leading dealer in China’s bond and derivatives markets, awarded Market Influential Institution – Core Dealer of the Year 2023 by CFETS, and Outstanding Foreign Exchange Derivatives Service Bank of the Year 2023 by Economic Observer.

About Bloomberg

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