Westpac And Bloomberg Debt Trading System Provides Trade Execution Services

ORDER MANAGEMENT & ROUTING

Australia's Westpac Bank and Bloomberg Financial Markets have teamed up to deliver two automated execution systems for trading Aussie dollar (AUD) and New Zealand dollar (NZD) debt securities.

The first system, Ausdeal, was launched in late November, enabling some of Westpac's institutional clients to trade Australia Commonwealth bonds in lots of up to AUD 5 million via Westpac trading screens and Bloomberg's proprietary network. The companion system for New Zealand debt issues, Kiwedeal, will

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