Bloomberg expands broker neutral equity trading platform
Bloomberg L.P. announced today it has dramatically expanded its Broker Neutral Equity Trading platform to provide access to algorithmic execution strategies offered by a host of top tier brokers.
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This unique offering will permit authorized users to route equity orders to multiple brokers from a single, integrated platform. Participating dealers include:
Banc of AmericaJPMorganSanford C. BernsteinCredit Suisse First BostonLehman BrothersSchwab SoundviewCapital MarketsMerrill LynchUBS Investment BankDeutsche BankMorgan StanleyGoldman Sachs
Algorithmic trading provides traders with greater control over execution strategy while reducing market impact and maintaining anonymity. These algorithmic trading strategies are fully integrated with Bloomberg's core services, data, news and analytics.
The platform was built with an emphasis on creating a flexible, customizable environment permitting brokers to radically reduce time to market for new strategies and parameters.
"We see this as an expansion of our commitment to create the leading platform for institutions and dealers to evaluate markets, interact and transact," said Don Carey, Global Sales and Product Manager of the Equity Routing Platform. "We are pleased to deliver such a broad offering of algorithmic trading strategies with such an elite group of dealers. We are very excited to provide these trading innovations to our tens of thousands of buy-side traders around the globe, and expect this initiative to drive even greater innovation and integration."
A variety of integration tools including FIX drop copies and multiple file formats exist to ensure clients using Bloomberg can integrate with order management, accounting, and risk systems.