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Bloomberg FIT Breaks $1 Trillion in OTC Derivative Volume

Bloomberg readies for 2011 launch of Swaps Execution Facility New York -- Bloomberg Fixed-Income Trading executives today announced that they have broken through the $1 trillion mark in electronically traded interest-rate swaps and credit default swaps for 2011.

More than 16,000 trades have been executed on Bloomberg’s Fixed-Income Trading (FIT) platform so far this year, with 23 dealers and more than 450 buy-side participants, representing a 50 percent increase in fixed income trading volume in our system over the last year.