Bloomberg taps OneTick for real-time transaction cost analytics

Source: OneMarketData

OneMarketData, the leader in tick data management and analytics, today announced that intra-day trading analytics performed by Bloomberg's Execution Management System (EMSX) utilize OneTick's Complex Event Processing (CEP) engine.

Today's trading environment is growing in complexity. Liquidity fragmentation, the proliferation of execution strategies, reduced latency and recent market turmoil are just some of factors that make evaluating the real costs of trading difficult. Institutional traders are looking for sharper quantitative and cost analysis tools that help them understand trading patterns, identify trading opportunities and measure the effectiveness of their trading strategies.

By leveraging Onetick's CEP engine, Bloomberg EMSX users now have access to real-time venue analytics, intra-day market impact analytics, and advanced liquidity signal indicators as part of their subscription to the Bloomberg Professional service.

Built specifically for the financial services industry, OneTick is the only trade analytics engine that can simultaneously answer the most common questions institutional investors ask, such as "how do I eliminate the noise and find that profitable signal hidden in today's fast moving markets?," and "can I achieve the intra-day analytical precision for effective, efficient trade and portfolio management?"

"It's vital for firms to quickly identify and act on trading opportunities to thrive in today's market," said Richard Chmiel, senior vice president at OneMarketData. "To do this they need smarter analytics to develop more informed trading strategies as well as tools to measure their performance. With OneTick CEP engine and our database, Bloomberg users can take advantage of both real-time and historical data to shape advanced trading strategies, as well as perform customized transaction cost analysis on trade executions.ʺ

Bloomberg EMSX is an integrated component of the Bloomberg Professional service that is used by a community of more than 13,000 buy and sell-side institutional investors to trade global equities, options and futures. Bloomberg EMSX enables traders to source market liquidity, perform sophisticated trade analyticcs, and execute complex multi-asset trading strategies with more than 2,500 broker-dealers, exchanges and alternative trading venues worldwide. Firms that use a proprietary, or third-party, execution or order management systems can still access Bloomberg analytics by routing orders through EMSxNet, Bloomberg's FIX-based electronic trading and order-routing solution. 

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