Eurex and Deutsche Börse AG to Offer Trading Access through Bloomberg
Eurex, the European derivatives market, and Deutsche Börse announced today that they will offer their customers alternative trading access through the Bloomberg ProfessionalTM service beginning July 2000. Alternative access to Eurex will be ready in July, followed by Deutsche Börse AG’s electronic trading system by the end of 2000. Bloomberg, operating as a so-called Multimember front-end provider, is the first service provider to offer a fully integrated front-end and network solution to Eurex. The move, announced in a joint press statement by the partners today, will provide global trading and order routing access to Eurex and Xetra, reduced costs for member firms using the alternative link and substantially reduced network costs for the exchange. Bloomberg benefits by adding another liquidity pool to its electronic trading services. The Eurex and Xetra trading front-ends will be offered at no additional cost to Bloomberg’s clients.