Bloomberg Chosen as Trading Platform for Indonesia Bonds

Bloomberg Chosen as Trading Platform for Indonesia Bonds

- Bloomberg is the Primary Bond Trading System in Asia-Pacific -

NEW YORK, Aug. 29 /PRNewswire/ -- Bloomberg, the leading global provider of business and financial news and data, today announced that it has been chosen as the official bond trading platform provider for Indonesian Rupiah-denominated Government Bonds by the Inter-Dealer Market Association of Indonesia. All Indonesian Primary Bond dealers in the domestic bond market conducting electronic transactions will utilize Bloomberg's fixed income electronic trading platform ("FIET") beginning in the 4th Quarter of 2005.

All users of the Bloomberg Professional(R) service and Bloomberg FIET in Indonesia will benefit from the automation and speed of the platform and will be able to see complete trading information for the bond market. The average daily trading volume in Indonesian Government Bonds is IDR 2.1 trillion (USD 200 million).

"We have chosen Bloomberg's OTC Bond trading platform because of its proven ability to provide a cost-effective solution," said Yudhi Ismail, Executive Director of the Inter-Dealer Market Association of Indonesia. "Utilizing Bloomberg's global reach in the investment community, we aim to attract increased investment inflows into Indonesia, and therefore increase the liquidity and depth of the local markets."

"Bloomberg is honored to be chosen by the Inter-Dealer Market Association of Indonesia as the trading vehicle for Indonesia bonds," said Alex Bruce of Bloomberg. "Bloomberg's continued focus on excellence in execution, as well as the integration of data, news and analytics on a single platform, have allowed us to become the primary bond trading platform in the Asia-Pacific region. Bloomberg is committed to continuing the development of the Asia-Pacific markets and providing greater efficiency and transparency."

Bloomberg's FIET is integrated into the analytic functionality of the Bloomberg Professional service, providing Primary Bond dealers the ability to automate requests for quotes and enter bids directly on their Bloomberg screens.

About Bloomberg

Bloomberg is the leading global provider of data, news and analytics. The BLOOMBERG PROFESSIONAL(R) service and Bloomberg's media services provide real-time and archived financial and market data, pricing, trading, news and communications tools in a single, integrated package to corporations, news organizations, financial and legal professionals and individuals around the world. Bloomberg's media services include BLOOMBERG NEWS(R), the global news service that includes more than 1,600 journalists in 127 bureaus worldwide; BLOOMBERG TELEVISION(R), the 24-hour business and financial network produced and distributed worldwide on 10 separate channels in seven languages; and BLOOMBERG RADIO(SM), which provides up-to-the-minute news on XM, Sirius and WorldSpace satellite radio around the world and on WBBR 1130AM in New York. In addition, BLOOMBERG PRESS(R) publishes books for investment professionals. For more information please visit http://www.bloomberg.com/.

Source: Bloomberg

CONTACT: Judith Czelusniak of Bloomberg LP, +1-212-617-4273,
bloomberg@bloomberg.net; Jeffrey Weir of Sloane & Company, +1-212-446-1878,
jweir@sloanepr.com, for Bloomberg

Web site: http://www.bloomberg.com/

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