Portfolio matching, customized searches and automated alerts notify users of potential fixed-income securities which meet their parameters. Full links are built to accommodate Bloomberg's Trade Order Management System clients to further enhance Bloomberg's straight-through processing functionality. Broker-dealers, institutional traders and portfolio managers will be able to use the Auction System to facilitate current industry practices as well as trade on an anonymous basis with one another. Sellers of fixed-income securities will upload or enter offering lists with a set spread to a defined benchmark for outright offering, periodic auctions or both. Bloomberg Tradebook LLC will provide anonymity to Auction System clients when desired.
Commissions are consistent with industry practices.