Bloomberg Trading Platform for Singapore Bonds Launched

Bloomberg, the leading data, analytics and news provider, this week announced that the Bloomberg E-Bond platform for Singapore Government Bonds has been launched on the BLOOMBERG PROFESSIONAL(R) service.

Bloomberg E-Bond, available to certain users of the BLOOMBERG PROFESSIONAL(R) service via the function EBND < GO > , is a global electronic trading system for bonds and treasury bills. Developed for the Singapore Primary Dealer community on behalf of the Monetary Authority of Singapore ("MAS") for Singapore Government Securities, Bloomberg E-Bond offers a unique multi-dealer Request For Quote ("RFQ") and anonymous quotation bulletin board, along with Straight-Through-Processing ("STP") features and real-time market activity displays. SGSM < GO > is the real-time market activity monitor for Singapore Government Securities, and EB < GO > is the main menu for E-Bond functions.

Using Bloomberg E-Bond, Singapore Primary Dealers now benefit from a flexible, commission-free dealing, trade capture and reporting mechanism while seamlessly offering global investors and market oversight entities a real-time view of price quotations and market activity for Singapore Government Securities. The Bloomberg E-Bond platform will play a key role in fostering price transparency and liquidity in financial markets in the region.

In July 2005 Bloomberg E-Bond became the interbank dealing platform in Singapore when the initial launch of Bloomberg E-Bond RFQ trading among Singapore Primary Dealers introduced real-time quote depth and trading information to domestic and foreign market participants. The next phase of Bloomberg E-Bond went live on May 3, 2006, involving the addition of an integrated anonymous quotation bulletin board. The incorporation of executable quotes further increases the quality of liquidity and transparency in the Singapore Government Securities market.

In the nine months ending April 2006, more than 11,000 trades totaling more than USD $38 billion have been executed on Bloomberg E-Bond by the 11 Singapore Primary Dealer firms, which include ABN Amro, Bank of America, Barclays, Citigroup, Credit Suisse, Deutsche Bank, DBS, HSBC, OCBC, Standard Chartered, and United Overseas Bank. Underscoring the initial global response

About Bloomberg E-Bond

The Bloomberg E-Bond platform offers trading in local currency bonds and treasury bills without transaction fees via the function EBND < GO > on the BLOOMBERG PROFESSIONAL service. The EBND screen allows for two-way RFQ pricing and displays competing real-time quote depth on an anonymous quotation bulletin board.

With Bloomberg E-Bond's RFQ module, market-makers are able to request for market quotes from multiple counterparties and are able to effectively control multiple transactions at any given time in active market.

Another module of Bloomberg E-Bond allows dealers to send orders in response to anonymous quotations. This module can be used separately from the RFQ module and contains an individual counterparty credit database set by each dealer which reveals the identities of the counterparties to a proposed trade. Bloomberg E-Bond provides price transparency and liquidity but does not

Bloomberg E-Bond is now being implemented across Asia, including Indonesia with 25 participating firms, Sri Lanka with 13 firms, and the Philippines with 24 firms. In addition to secondary market trading platform, Bloomberg also offers its Bloomberg Auction System, which allows government debt issuers to conduct their primary market auctions via the same platform. Consolidating primary and secondary market trading mechanisms can reduce the costs borne by dealers for participation and integration for STP purposes. With Bloomberg's widely distributed technology, including the use by many Primary Dealers of

About Bloomberg

Bloomberg is the leading global provider of data, news and analytics. The BLOOMBERG PROFESSIONAL(R) service and Bloomberg's media services provide real-time and archived financial and market data, pricing, trading, news and communications tools in a single, integrated package to corporations, news organizations, financial and legal professionals and individuals around the

SOURCE Bloomberg

CONTACT: Judith Czelusniak of Bloomberg LP

+1-212-617-4273, or

[email protected]

Web site: http://www.bloomberg.com

--Distributed by AsiaNet ( www.asianetnews.net )--

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