How Bond Connect Links you to the China Bond Market
Tradeweb played a leading role in the design, development and implementation of Bond Connect, in partnership with China Foreign Exchange Trade System (CFETS), Central Moneymarkets Unit (CMU) and Bond Connect Company Limited (BCCL).
Bond Connect lets global investors leverage familiar trading and settlement practices by directly trading into the China Interbank Bond Market (CIBM) through their own trading account and own custodian bank.
What makes Bond Connect Efficient & Convenient?
Simplified application process and setup with People’s Bank of China (PBoC) – on a fund level
Disclosed request-for-quote (RFQ) protocol
Pre- and post-trade block allocation functionality
Proof of Best Execution due to electronic workflow and audit trail
Error reduction due to OMS integration (pre- and post-trade)
Automated CFETS trade registration
Your Connection to Transparent Electronic Trading & Price Discovery
Offshore investors trade directly with eligible onshore dealers
Indicative streaming prices from onshore dealers provides enhanced pre-trade transparency
Single sign-on to iDeal, the official instant messaging system developed by CFETS, to offer enhanced communication
List trading: create and execute lists of multiple CNY bonds quickly and efficiently
As we continue to drive the evolution of electronic trading across our core emerging markets regions – Asia Pacific (APAC), Central & Eastern Europe, Middle East & Africa (CEEMEA), and Latin America (LATAM) – we’re committed to developing and implementing new and enhanced technology to make trading global markets more efficient and transparent.
As offshore investor’s interest in China’s onshore bond market has grown over the past few years, so has their need for risk management tools. Tradeweb’s growing list of China Access Channels provide seamless and efficient electronic links between global market participants and China’s onshore community.
Products
All eligible Chinese Interbank Bond Market (CIBM) instruments – including Chinese government bonds, local government bonds, policy bank bonds, certificates of deposit, commercial paper, corporate bonds, ABS