31 July 2016
Find out more

Bloomberg takes Bids stake; opens access to liquidity pool

19 September 2012  |  4357 views  |  0 Bloomberg logo 2

Bloomberg has teamed up with Bids Trading on a service, called BPool, which opens up access to the data provider's US equity marketplace.

BPool enables traders to interact with liquidity present on Bloomberg's equities trading platforms and Bids Trading's ATS, which acts as the service's order matching engine.

BPool shares the broker-sponsored access model implemented by Bids, which enables buy-side traders to fully allocate commission dollars to the broker of their choice and pay for services, such as research.

As part of the deal, Bloomberg is also taking a stake in Bids, joining a consortium of more than dozen Wall Street firms that own the block trading venue. Raymond Tierney, president and CEO, Bloomberg Tradebook, joins the Bids board.

Bloomberg says that, as an integrated component of the trading tools available with its order and execution management platforms, the service will give traders the option to interact with centralised liquidity and configurable orders to help automate and optimise liquidity capture.

Jim White, a 20 year veteran of electronic equities markets, will lead BPool, which is running on technology developed in conjunction with Bloomberg's EMSX and SSEOMS product teams. The decision engine is developed and operated by Bloomberg Tradebook.

Daniel Doctoroff, president and CEO, Bloomberg, says: "BPool provides access to what the US equity markets have been looking for, a centralised, active and diverse marketplace. Our clients now have a more efficient way to implement trading strategies and achieve better execution results."

Tim Mahoney, chief executive officer, Bids Trading, adds: "The injection of Bloomberg's diverse order flow creates a deep and efficient liquidity pool in an otherwise fragmented marketplace."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Bloomberg unveils real-time industry research platform

Bloomberg unveils real-time industry research platform

26 June 2012  |  3946 views  |  0 comments
Bloomberg buys PolarLake; launches EDM services

Bloomberg buys PolarLake; launches EDM services

22 May 2012  |  5988 views  |  0 comments
Bloomberg opens up market data distribution API

Bloomberg opens up market data distribution API

01 February 2012  |  13397 views  |  0 comments
Bloomberg taps consumer sentiment for equity analytics

Bloomberg taps consumer sentiment for equity analytics

31 August 2011  |  16005 views  |  0 comments
Bloomberg to shed light on dark pool order flow

Bloomberg to shed light on dark pool order flow

31 August 2010  |  10381 views  |  1 comments
Nyse Euronext and Bids get SEC approval for block trading JV

Nyse Euronext and Bids get SEC approval for block trading JV

27 January 2009  |  6437 views  |  0 comments
Six more Wall Street banks invest in Bids

Six more Wall Street banks invest in Bids

01 March 2007  |  7710 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comFind out moreVisit www.abe-eba.eu

Top topics

Most viewed Most shared
Groupe BPCE agrees to buy FidorGroupe BPCE agrees to buy Fidor
8750 views comments | 38 tweets | 56 linkedin
Telefonica Germany launches Fidor-backed mobile banking serviceTelefonica Germany launches Fidor-backed m...
7245 views comments | 16 tweets | 22 linkedin
hands typing furiouslyManaging Big Data After Brexit
6937 views 0 | 6 tweets | 8 linkedin
hands typing furiouslyWhat is FinTech and where does it Live?
6122 views 0 | 14 tweets | 4 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job