Bloomberg Introduces Electronic Trading Workflow for Indian Government Bonds

Bloomberg announced it has facilitated its first electronic Indian Government Bonds (IGBs) trade, marking a key step in the internationalization of India’s rapidly opening Government Bond markets.

This new electronic trading workflow for IGBs facilitates Foreign Portfolio Investors (FPIs) to efficiently access liquidity provided by international and domestic banks through the Bloomberg Terminal.

The offering, which is part of Bloomberg Electronic Markets, enables FPIs to place, monitor, execute, and allocate IGB trades within a fully electronic trading workflow. The workflow connects directly with Negotiated Dealing System-Order Matching (NDS-OM), managed and operated by Clearcorp Dealing Systems (India) Limited (Clearcorp), improving operational efficiency, reducing manual processes, and minimizing operational risk and errors.

“We are excited to have successfully implemented the first fully electronic IGBs trade on Bloomberg,” said Vernon Loh, Fixed Income Trader at State Street Investment Management. “This milestone underscores our commitment to driving innovation, enhancing efficiency, and improving liquidity in fixed income markets.”

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“We are pleased to connect Bloomberg’s global liquidity community with NDS-OM and provide clients with a more efficient way to access liquidity in the Indian Government Bond markets,” said Varun Chojhar, Head of Bloomberg, South Asia.

This offering adds to Bloomberg’s solutions for the region, and follows Bloomberg Indices’ inclusion of India Fully Accessible Route (FAR) Bonds in the Bloomberg Emerging Market (EM) Local Currency Government Index in 2025.

Bloomberg’s Electronic Markets solutions are used by leading financial institutions to trade efficiently in over 175 markets around the world. More than 9,000 client firms use Bloomberg Electronic Markets to access industry-leading depth and breadth of liquidity across asset classes from over 1,500 dealers globally. Bloomberg Electronic Markets provides market participants with comprehensive solutions across the trading lifecycle, including robust price transparency, analytics, automation and execution, powered by Bloomberg’s high-quality, multi-asset class data and tools.

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