Bloomberg Launches New Electronic Trading Workflow for Asset-Backed Securities

Bloomberg's New Trading Workflow for Asset-Backed Securities

On June 15, 2026, Bloomberg announced an innovative electronic trading solution specifically designed for Asset-Backed Securities (ABS). This new protocol introduces a list-based workflow that is structured with defined dealer response timeframes, aimed at boosting the efficiency of the Bids Wanted in Competition/Offers Wanted in Competition (BWIC/OWIC) processes. The launch signifies a technology-driven evolution in the ABS market, marrying increased automation with more streamlined execution workflows.

The groundbreaking electronic trading workflow has already seen its first successful transaction, establishing itself as a pivotal development within Bloomberg's Electronic Markets offering. This system enhances the trading process by providing integrated deal entry, detailed analytics, and multi-dealer execution, effectively replacing the traditional spreadsheet and chat-based methods that have long defined the industry.

Revolutionizing Trading Efficiency

One of the key features of this solution is its ability to facilitate straight-through processing (STP), which significantly minimizes manual inputs and accelerates execution times from the pricing phase all the way through to settlement. Derek Kleinbauer, Bloomberg’s Global Head of Fixed Income and Equity Trading, highlights the importance of this launch: “This represents a crucial advancement in bringing electronic trading workflows to the ABS markets. By combining structured workflows with analytical tools and multi-dealer integration, we are enhancing operational efficiency while enabling data-driven trading strategies.”

Features of the New Workflow

The innovative trading workflow allows clients to submit their ABS securities to multiple dealers simultaneously, adhering to predetermined response intervals. This setup promotes efficiency in bid collecting and enables users to either upload bonds directly or input them manually. Furthermore, users gain the flexibility to select which counterparties to engage with and adjust timing parameters based on their trading strategies.

Notably, clients can execute transactions based on the most attractive pricing options available or analyze bids independently. The platform provides substantial control over information disclosure, allowing different pricing methodologies to be employed, such as dollar pricing and iSpread, all while leveraging Bloomberg’s comprehensive fixed income analytics.

Tailored for Asset-Backed Securities

Bloomberg's ABS trading workflow has been meticulously crafted to align with the unique practices intrinsic to ABS trading. This solution features an array of functionalities designed to enhance user experience. Clients have the ability to seek refreshed pricing from selected dealers, remove completed trades from their active lists, and streamline order processing through pre-populated fields. This automation and improved functionality considerably boosts the velocity of trading activities for users.

By capturing dealer responses electronically, the system allows clients to analyze both successful and unsuccessful bids, offering deeper insights into pricing trends and dealer performance. The rollout of this advanced trading workflow spans clients located across the U.S. and EMEA regions, ensuring a wide adoption of this innovative technology.

Embracing Industry-Leading Solutions

Bloomberg’s Electronic Markets solutions cater to leading financial organizations, facilitating efficient trading in an impressive portfolio of over 175 global markets. With upwards of 9,000 client firms leveraging Bloomberg Electronic Markets, the platform provides access to unparalleled liquidity drawn from more than 1,500 dealers worldwide. Consistent with its mission to enhance the trading lifecycle, Bloomberg delivers comprehensive solutions that encompass robust price transparency, analytical capabilities, automation, and execution—all powered by premium multi-asset class data and sophisticated tools.

About Bloomberg

Bloomberg stands as a preeminent force in the realm of business and financial information, committed to delivering reliable data, news, and insights that foster transparency, efficiency, and fairness in financial markets. By connecting influential communities within the global financial ecosystem, Bloomberg equips its clients with technology solutions that enable informed decision-making and enhanced collaboration. For more details, visit Bloomberg's website or request a demo of their services.