Bloomberg selects TradingLinx for STP

Bloomberg selects TradingLinx for STP

Bloomberg is to offer the TradingLinx post-trade processing solution to its clients via the Bloomberg Professional service, for allocation, delivery instructions, confirmation and affirmation of domestic and global equity and fixed income transactions.

TradingLinx will also be accessible via Bloomberg’s trade order management software packages, PTOMS (Portfolio Trade Order Management System) for the buy-side, and TOMS (Trade Order Management System) for the sell-side.

"Using TradingLinx, our clients can connect each of the trade parties’ front- and back-offices, enabling Bloomberg to provide a low-cost, end-to-end STP solution," says Lou Eccleston, managing director of product and business strategy for Bloomberg.

Gordon Henderson, TradingLinx CEO, says the industry is searching for solutions to streamline post-trade operations and meet T+1 globally. "With the TradingLinx-Bloomberg offering, customers have the ability to improve operational efficiency and enhance the quality of post-trade information with no up-front infrastructure investment," he says.

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