Bloomberg and CFETS Add RFQ for China Interbank Bond Market

Bloomberg, together with the China Foreign Exchange Trade System (CFETS), announced the launch of the Request-for-Quote (RFQ) service for CIBM-Direct on the Bloomberg Terminal. This new electronic trading service will bring greater efficiency and market transparency to facilitate global investor trading of Chinese bonds with onshore market makers, through the connection between Bloomberg and CFETS. The Bloomberg Terminal is currently one of the major offshore access points to China’s $14 trillion bond market. CIBM-Direct is a key route for international investors to access the China Interbank Bond Market and trade onshore bonds directly. With the CIBM-Direct RFQ service, offshore investors can send request-for-quotes with trade quantities to onshore market makers via the Bloomberg Terminal. Market makers will respond with executable pricing on the CFETS platform, which is sent to investors via the Bloomberg Terminal for confirmation through the Bloomberg-CFETS link. Investors can then confirm the trade on the Bloomberg Terminal. This service covers all securities traded in the China Interbank Bond Market.