Expanded list trading tool from Bloomberg Electronic Trading optimizes US Treasury trading workflow
NEW YORK, May 28, 2025 /PRNewswire/ — Bloomberg today announced the expansion of its Market-On-Close list trading offering to include US Treasuries (UST). This follows the launch of Market-On-Close for European Government Bonds. BMO Capital Markets and Schwab Asset Management, who were instrumental in the development of the new tool, executed the first trade referencing Bloomberg’s Evaluated Pricing Service (BVAL) as the closing price. The new workflow is currently supported by nine dealers, with additional liquidity providers expected to join the offering in 2025.
Market on Close orders enable investors to automatically get into or out of a market at the closing price without having to manually place an order immediately when the market closes. Bloomberg Electronic…
