Bloomberg links up with T-Zero
Bloomberg has linked up with London and New York-based technology firm T-Zero to provide its users with an electronic affirmation process for credit default swaps (CDSs). T-Zero's straight-through processing will allow users to capture and communicate trade data, as well as create an audit trail to ensure economic details of an agreement are correct.
There are calls for greater adoption of straight-through processing following efforts by global regulators to improve efficiency in the credit
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