Your Link to the Chinese 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 enables global investors to 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.

 

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


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

Product Details

Product Resources

News & Insights