Bloomberg Launches New Anonymous Liquidity Discovery Capabilities

Bloomberg has expanded the anonymous liquidity discovery capabilities of its all-to-all platform, Bloomberg Bridge, in a bid to help buy-side users reduce information leakage according to a story in The Trade news. The extension, named Bridge AXE, allows participants to anonymously post to other users of Bloomberg’s all-to-all platform, Bloomberg Bridge, to identify trading interests. Due to be rolled out in Q4, Bridge AXE will allow buy-side users to discreetly identify trading interests before going on to send an RFQ elsewhere within Bloomberg’s platform universe. Once live, it will support all of the bonds that you can trade electronically on Bridge RFQ across developed and emerging market corporates and sovereigns. Interest in all-to-all platforms for trading in fixed income has grown significantly in recent years as a means for firms to reach a greater number of counterparties in challenging liquidity environments.  Bloomberg launched its all-to-all platform, Bloomberg Bridge, in Q2 of last year and claims to have 650 active client firms on its platform as of August 2023.