Bloomberg Introduces New US Treasuries White Label Solution

Bloomberg has introduced a white label solution for US treasuries, allowing a wide range of broker dealers to provide liquidity for trades initiated on its platform as part of its D&I dealer initiative. New minority-owned broker dealers for US treasuries have been added to the offering, including CastleOak Securities, Mischler Financial Group and Tigress Financial – with more firms expected to be on-boarded and integrated soon. According to a story in The Trade news, the treasury offering adds to Bloomberg’s existing D&I dealer program, which was introduced in 2017 with boutique investment bank CastleOak Securities. The launch of CastleOak’s US corporate bond electronic trading platform, DirectPool, which provides all-to-all services for clients, was supported by Bloomberg. The offering – which has been expanded to include US treasuries – is used by investment managers and bond dealers as a pool of liquidity. Through Bloomberg’s new white label offering, dealer firms will be on-boarded to its electronic trading solution to provide liquidity for US treasuries.