Eurex Offers Trade Offset Workflow with Bloomberg

Eurex has launched the Trade Offset workflow, which helps users of cleared Interest Rate Swaps to optimize their portfolio by automating the close out process. The solution seamlessly connects Bloomberg’s electronic trading tools to the original Eurex trade record. According to a story in Markets Media news, clients who need to close out a swap position at the Central Counterparty Clearing House (CCP) can retrieve their trade details by inputting the Eurex CCP ID into Bloomberg’s trade register, TREG <GO>. The original swap details are then pulled directly from Eurex into this register. The exact offset of the original swap can then be sent to Bloomberg’s List trading tool, BOLT IRS <GO>, for execution.