Webinar

A New World of European Bond Market Transparency

From a trickle to a firehose - the European version of TRACE will coincide with a dramatic increase in speed of transparency. Today 4.5% of EU corp bond trades are published real-time. From March 2026, 96% will be published within 15 minutes.

This webinar will cover:
  • A global view of consolidated tapes
  • How Bloomberg will surface the data in our core functions
  • How CTP data will be used in IBVAL

Speakers

Brandon Stiles

Fixed Income Product Manager

Bloomberg

John Morton

EMEA FI Cash Rates Market Specialist

Bloomberg

John’s career in fixed income markets started in the mid '80s covering Central Banks for Merrill Lynch’s Fixed Income Sales team. In 1995 he joined Bloomberg, working in several roles, primarily as a fixed income specialist, more focused upon emerging markets, guiding the development of Bloomberg's product in this segment. In 2012 he was seconded to the UK's Ministry of Finance, better known as Her Majesty's Treasury, to provide data and understanding of OTC markets to help the UK in its negotiating position for MiFID II. This was for an initial 12 month period re-joining for a further 12 months from 2014 to help develop the UK’s ideas for Capital Markets Union as well as better calibrating bond market transparency in the Level II text for MiFID II. Following John's return to Bloomberg in 2015, he has helped to develop and promote Bloomberg's product offering in the regulatory space particularly with respect to MiFID II, SFTR, MMFR, CSDR, and more latterly, MiFIR II.

Divya Bhagia

Global Product Manager, Fixed Income

Bloomberg

Divya Bhagia is the Global Product Manager for Fixed Income Real-Time Pricing at Bloomberg, leading the Go To Market strategy & development for IBVAL — Bloomberg’s next-generation real-time bond pricing solution. Throughout her 20-year career at Bloomberg, Divya has been at the forefront of experiencing the transformation of the global fixed income market — from the rise of electronic trading to the growing demand for transparency and precision in pricing. She spent over a decade managing Electronic Trading Sales across APAC and EMEA, before pivoting to specialize in Evaluated Pricing solutions in Europe — where she helped institutions enhance transparency, governance, and valuation precision. Today, as Global Product Manager for Fixed Income Real-Time Pricing, Divya leads the evolution of Bloomberg’s pricing capabilities through IBVAL, its flagship real-time reference pricing product. Her work bridges market expertise with technology innovation, empowering clients with greater transparency, consistency, and confidence in bond trading.

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