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<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">MUMBAI, India</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">July 9, 2026</span> /PRNewswire/ -- Bloomberg announced today it has facilitated its first electronic Indian Government Bonds (IGBs) trade, marking a key step in the internationalization of India&#39;s rapidly opening Government Bond markets.</p>
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                    <img xmlns="http://www.w3.org/1999/xhtml" src="https://mmx.prnewswire.com/media/MS339228/Bloomberg-Logo.jpg?id=OA2755639" title="Bloomberg" alt="Bloomberg"></img>
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<p xmlns="http://www.w3.org/1999/xhtml">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.</p><p xmlns="http://www.w3.org/1999/xhtml">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.</p><p xmlns="http://www.w3.org/1999/xhtml">&#34;We are excited to have successfully implemented the first fully electronic IGBs trade on Bloomberg,&#34; said Vernon Loh, Fixed Income Trader at State Street Investment Management. &#34;This milestone underscores our commitment to driving innovation, enhancing efficiency, and improving liquidity in fixed income markets.&#34;</p><p xmlns="http://www.w3.org/1999/xhtml"> &#34;We are pleased to connect Bloomberg&#39;s global liquidity community with NDS-OM and provide clients with a more efficient way to access liquidity in the Indian Government Bond markets,&#34; said Varun Chojhar, Head of Bloomberg, South Asia.</p><p xmlns="http://www.w3.org/1999/xhtml">This offering adds to Bloomberg&#39;s solutions for the region, and follows Bloomberg Indices&#39; inclusion of India Fully Accessible Route (FAR) Bonds in the Bloomberg Emerging Market (EM) Local Currency Government Index in 2025.</p><p xmlns="http://www.w3.org/1999/xhtml">Bloomberg&#39;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&#39;s high-quality, multi-asset class data and tools.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">About Bloomberg<br xmlns="http://www.w3.org/1999/xhtml"></br></b>Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration.</p><p xmlns="http://www.w3.org/1999/xhtml">For more information, visit<a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4727837-1&amp;h=3925550458&amp;u=http%3A%2F%2Fwww.bloomberg.com%2Fcompany&amp;a=%C2%A0" target="_blank" rel="nofollow"> </a><a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4727837-1&amp;h=3801442517&amp;u=http%3A%2F%2Fwww.bloomberg.com%2Fcompany&amp;a=Bloomberg.com%2Fcompany" target="_blank" rel="nofollow">Bloomberg.com/company</a> or<a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4727837-1&amp;h=2585422293&amp;u=http%3A%2F%2Fwww.bloomberg.com%2Fprofessional%2Frequest-demo%2F%3Futm_source%3Dbbg-pr%26bbgsum%3Ddg-ws-core-pr&amp;a=%C2%A0" target="_blank" rel="nofollow"> </a><a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4727837-1&amp;h=1433752544&amp;u=http%3A%2F%2Fwww.bloomberg.com%2Fprofessional%2Frequest-demo%2F%3Futm_source%3Dbbg-pr%26bbgsum%3Ddg-ws-core-pr&amp;a=request+a+demo" target="_blank" rel="nofollow">request a demo</a>.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">About State Street Investment Management<br xmlns="http://www.w3.org/1999/xhtml"></br></b>At State Street Investment Management, we have been helping create better outcomes for institutions, financial intermediaries, and investors for nearly half a century. Starting with our early innovations in indexing and ETFs, our rigorous approach continues to be driven by market-tested expertise and a relentless commitment to those we serve. With over $5 trillion in assets managed&#x2A;, clients in 60 countries, and a global network of strategic partners, we use our scale to deliver a comprehensive and cost-effective suite of investment solutions that help investors get wherever they want to go. State Street Investment Management is the asset management arm of State Street Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/STT">STT</a>).</p><p xmlns="http://www.w3.org/1999/xhtml">&#x2A;This figure is presented as of March 31, 2026 and includes ETF AUM of $1,940.32 billion USD of which approximately $184.18 billion USD in gold assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated. Please note all AUM is unaudited. </p><p xmlns="http://www.w3.org/1999/xhtml"> </p>



<p xmlns="http://www.w3.org/1999/xhtml" id="PURL"><img xmlns="http://www.w3.org/1999/xhtml" title="Cision" width="12" height="12" alt="Cision" src="https://edge.prnewswire.com/c/img/favicon.png?sn=NY00600&amp;sd=2026-07-09"></img> View original content to download multimedia:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/bloomberg-introduces-electronic-trading-workflow-for-indian-government-bonds-302821054.html" target="_blank">https://www.prnewswire.com/news-releases/bloomberg-introduces-electronic-trading-workflow-for-indian-government-bonds-302821054.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE Bloomberg</p>

Bloomberg Introduces Electronic Trading Workflow for Indian Government Bonds

Bloomberg's electronic IGB trade milestone could benefit State Street's STT exposure

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>&lt;p xmlns=&quot;http://www.w3.org/1999/xhtml&quot;&gt;&lt;span xmlns=&quot;http://www.w3.org/1999/xhtml&quot; class=&quot;legendSpan...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Bloomberg facilitated the first fully electronic Indian Government Bonds trade, signaling deeper market opening. The new workflow connects FPIs with NDS-OM through Bloomberg and Clearcorp, reducing manual steps and boosting liquidity access. State Street Investment Management (STT) hints at potential upside for STT as EM debt trading infrastructure expands in India.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Bloomberg enables first fully electronic IGB trade.</li><li>Electronic workflow links to NDS-OM via Clearcorp for FPIs.</li><li>State Street Investment Management cited the milestone; STT exposure may benefit.</li><li>Bloomberg EM FAR bonds inclusion signals market maturation (2025).</li><li>Bloomberg Electronic Markets serves 9,000+ clients across 175 markets.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>State Street Corporation (STT)</strong>: Cited by STT’s fixed income trader; potential uplift from India IGB liquidity expansion and EM debt access.</li><li><strong>Bloomberg L.P. (N/A)</strong>: Facilitated the first electronic IGB trade; platform adoption may drive broader EM debt trading infrastructure.</li><li><strong>Clearcorp Dealing Systems (India) Limited (N/A)</strong>: Operates NDS-OM connection; critical link enabling FPIs’ access to IGB liquidity.</li></ul>
  </section>

  <section data-block="category">
    <h3>Industry News</h3>
    <p>Category: Industry News. This underscores digitalization in Indian government bond trading and potential downstream effects for global fixed-income players like STT.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>India&#039;s IGB market modernization could attract higher FPI flows.</li><li>Electronic trading may boost liquidity, benefiting fixed-income platforms.</li><li>Global banks&#039; connectivity with Indian markets could expand STT product usage.</li><li>Positive sentiment for STT as Indian market access broadens</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Date: July 9, 2026, Mumbai, India.</li><li>First fully electronic Indian Government Bonds trade completed.</li><li>Electronic workflow connects FPIs to NDS-OM via Clearcorp Dealing Systems.</li><li>Bloomberg Indices included India FAR Bonds in 2025 Bloomberg EM Local Currency Government Index.</li><li>State Street Investment Management cites milestone; STT exposure to EM debt liquidity potential.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish on STT over the next 6–12 months as EM debt liquidity in India expands.</p>
  </section>
</section>


<article>
  <header>
    <h2>Bloomberg Introduces Electronic Trading Workflow for Indian Government Bonds (IGBs)</h2>
  </header>

  <section>
    <p><strong>Bloomberg announced today it has facilitated its first electronic Indian Government Bonds (IGBs) trade,</strong> marking a key step in the internationalization of India's rapidly opening Government Bond markets. The announcement came from Mumbai, India, on July 9, 2026, highlighting Bloomberg’s expanding role in global fixed income trading.</p>
    <p>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.</p>
  </section>

  <section>
    <h3>Integrated, fully electronic IGB trading workflow</h3>
    <p>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.</p>
  </section>

  <section>
    <h3>Executive quotes on the milestone</h3>
    <p>“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.”</p>
    <p>“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.</p>
  </section>

  <section>
    <h3>Context and regional impact</h3>
    <p>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.</p>
  </section>

  <section>
    <h3>Bloomberg Electronic Markets: scale and liquidity</h3>
    <ul>
      <li>Bloomberg's Electronic Markets solutions are used by leading financial institutions to trade efficiently in over <strong>175</strong> markets around the world.</li>
      <li>More than <strong>9,000</strong> client firms use Bloomberg Electronic Markets to access industry-leading depth and breadth of liquidity across asset classes from over <strong>1,500</strong> dealers globally.</li>
      <li>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.</li>
    </ul>
  </section>

  <section>
    <h3>About Bloomberg</h3>
    <p>Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration.</p>
  </section>

  <section>
    <h3>About State Street Investment Management</h3>
    <p>At State Street Investment Management, we have been helping create better outcomes for institutions, financial intermediaries, and investors for nearly half a century. Starting with our early innovations in indexing and ETFs, our rigorous approach continues to be driven by market-tested expertise and a relentless commitment to those we serve. With over <strong>$5 trillion</strong> in assets managed<em>*</em>, clients in <strong>60</strong> countries, and a global network of strategic partners, we use our scale to deliver a comprehensive and cost-effective suite of investment solutions that help investors get wherever they want to go. State Street Investment Management is the asset management arm of State Street Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/STT">STT</a>).</p>
    <p><em>*This figure is presented as of March 31, 2026 and includes ETF AUM of $1,940.32 billion USD of which approximately $184.18 billion USD in gold assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated. Please note all AUM is unaudited.</em></p>
  </section>
</article>

Bloomberg facilitated the first fully electronic Indian Government Bonds trade, signaling deeper market opening. The new workflow connects FPIs with NDS-OM through Bloomberg and Clearcorp, reducing manual steps and boosting liquidity access. State Street Investment Management (STT) hints at potential upside for STT as EM debt trading infrastructure expands in India.

Bloomberg Introduces Electronic Trading Workflow for Indian Government Bonds

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Industry News

Related News