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Bloomberg launches first CDS clearing interface

14 January 2010

Bloomberg has launched the first interface in the US credit derivatives market that connects both buy- and sell-side firms to the two central clearing counterparties

Read more: Bloomberg credit derivatives CCP VCON CME ICE Trust

Bloomberg has launched the first interface in the US credit derivatives (CDS) market that connects both buy- and sell-side firms to the two central clearing counterparties (CCPs). The Bloomberg VCON solution, a widely accepted confirmation utility for cash and derivative instruments, now allows dealers and their clients to send executed trades to the two US-based providers of central clearing for OTC credit derivatives - the Chicago Mercantile Exchange (CME) and Intercontinental Exchange’s ICE Trust....


 

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