Bloomberg has launched a fully automated electronic workflow for the trading and reporting of EUR Interest Rate Swap (IRS) v Bond Future contracts through Eurex, allowing sell-side participants acting as executing brokers to facilitate a trade using a single interface.

Assisting Futures Commission Merchant’s (FCM's) with a seamless no-touch submission and approval process enables market participants to meet exchange-mandated reporting timelines which minimises operational risk and reduces the historically manual burden associated with basis trading.

The solution is currently available for Euro denominated IRS spreads to Eurex bond futures contracts on both a matched maturity basis and versus spot benchmark tenors for IRS traded on trading venues operated by Bloomberg’s affiliates. The offering will, in due course, extend to cover spreads versus cash instruments, and additional exchange connectivity.