China Minsheng, a Chinese commercial bank, has adopted Bloomberg’s sell-side execution management solution ETOMS, and expanded its use of Trade Order Management Solutions (TOMS) to support its RMB cash bond market-making under Bond Connect and its USD Interest Rate Swap (IRS) market-making in Hong Kong.
China Minsheng Bank previously adopted TOMS to book multiple asset class exposures, including foreign exchange, precious metals, bonds, repo, and interest rate derivatives, enabling real-time P&L and risk analysis, and integration with back office settlement systems. With the addition of ETOMS, China Minsheng Bank can send customised quotes to clients via pre-defined RUNZ worksheets, provide pre-trade quotes and axes into aggregation tools such as ALLQ, and display real-time quotes on a designated page of the bank on the Bloomberg Terminal, {CMBC <GO>}, enhancing communication and trading efficiency with overseas investors.
Qingyu Wang, head of financial markets department at China Minsheng Bank, said, “As China’s financial markets continue to open up, China Minsheng Bank is committed to strengthening ties and communications with foreign investors and enhancing our market-making capabilities
“Our collaboration with Bloomberg provides automated workflows for better operational efficiency, a transparent price display channel to facilitate informed decision-making and a means to reach out to global investors.”
Dahai Wang, head of greater China at Bloomberg, said: “Electronic trading and automated workflows are important trends in global finance, enhancing competitiveness through more accurate pricing, smoother trade execution, and efficient risk management.”
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