Bloomberg Launches Automated Japanese Government Bond Market-on-Close Functionality
Bloomberg has introduced an automated workflow for the Japanese Government Bond (JGB) Market-on-Close function, marking its first fully automated trade in this market. The new feature aligns with BB3P (Hikene Trading), a key reference rate for JGB close prices, and aims to reduce tracking error while ensuring execution certainty at specific times. The workflow integrates Bloomberg's Bid/Offer List Trading functionality with Rule Builder, allowing clients to define criteria for trade automation. This enhancement is part of Bloomberg Electronic Markets' broader Market-on-Close capabilities that also support U.S., Canadian, UK, and European government bonds. Yudhveer Chaudhry from BlackRock praised the innovation as a significant step forward in JGB trading efficiency. Bloomberg's solution helps reduce transaction costs, manual intervention, and operational complexity while delivering consistent outcomes for investors—especially during high-volume periods. The company continues to expand its automated Fixed Income capabilities globally.
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Topics: automation bond market JGBs trading workflow