Bloomberg provides STP for credit derivatives

“This initiative is great news for the CDS market,” said Michael Hintze, chief executive at the London-based hedge fund CQS Management. “This new partnership makes STP for CDS a reality for thousands of buy-side firms through ease of adoptability, and is vital in addressing the current issues facing the industry.”"This allows T-Zero to leverage Bloomberg’s unparalleled distribution platform to create a scalable solution for the widest possible audience, making a reality of [former chairman of the US Federal Reserve Board Alan] Greenspan’s desire to utilise today’s technology to eradicate scraps of paper,” said Mark Beeston, T-Zero’s president.

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