Bloomberg’s fixed-income trading platform has executed more than $1.2 trillion of electronic swap trades, NASDAQ reports. The platform currently accommodates interest-rate swaps and credit-default swaps, which account for 82% and 7% of the global swaps market, respectively, as per the Bank for International Settlements. In 2011, more than 17,000 individual trades have been executed on the platform between 23 dealers and 450 investment firms. Bloomberg may register its terminal as a swap-execution facility, a type of trading system introduced by the Dodd-Frank financial overhaul law passed last year.
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