iTraxx Notes Traded Via Bloomberg; ABN AMRO Does First Transaction.
PR Newswire Europe, June, 2005
NEW YORK, June 20 /PRNewswire/ -- Bloomberg and ABN AMRO have announced that iTraxx Funded Notes are trading over the Bloomberg BondTrader platform, with the first electronic trade conducted by ABN AMRO. ABN AMRO and a client traded the iTraxx Funded Note for the first time at the end of May 2005 via Bloomberg BondTrader, which is part of the all-inclusive Bloomberg Professional(R) service. The trading of iTraxx Funded Notes on Bloomberg BondTrader builds on the success of the iTraxx Indices on Bloomberg. ABN AMRO teamed with Bloomberg in 2004 to offer clients electronic trading on more than 150 European credit-default swaps along with the European Dow Jones iTraxx Indices.
Charles Longden, Global Head of Credit Trading at ABN AMRO, stated, "The iTraxx...
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