Eurex has launched a trade offset workflow, which “helps users of cleared interest rate swaps to optimise their portfolio by automating the close out process”. In a press release, the firm reveals that the solution “connects Bloomberg’s electronic trading tools to the original Eurex trade record” to provide “improved connectivity” and “increased workflow efficiency” to market participants.
To close out a swap position at Eurex Clearing, clients can now retrieve their trade details by submitting the Eurex CCP ID into TREG <GO>, Bloomberg’s trade register. The original swap details are then pulled directly from Eurex into the register. The exact offset of the original swap is then sent to BOLT IRS <GO> for execution.
