Credicorp Capital, one of the largest financial services holding companies in the region, has adopted Bloomberg’s Trade Order Management System (TOMS). TOMS will help Credicorp Capital expand sell-side operations.
Credicorp Capital’s Trading Desk operations in Peru, Chile and Colombia, will use Bloomberg’s TOMS to improve their internal workflow and expand volume by leveraging Bloomberg’selectronic distribution platform ALLQ for fixed income trading for over-the-counter Latin America Corporate and Sovereign Debt.
“Credicorp Capital is confident that this Bloomberg technology will add substantial value to our company and clients, and allow us to expand our services in Chile, Colombia and Peru,” said Hugo Horta, Head of Capital Markets of Credicorp Capital.
Robert Friend, Bloomberg Global Head of Sell-side solutions and Research, said, “We are delighted that Credicorp has chosen Bloomberg's Trading Order Management System. As electronic trading in the fixed income markets is expected to grow globally, sell-side firms are increasingly looking for solutions that optimize their entire workflow and give them access to liquidity platforms.”
“Bloomberg’s TOMS helps generate revenue, drive efficiency, increase global distribution, and manage risk and compliance Geraldo Coelho, Bloomberg South America Business Executive, said, adding, “TOMS is fully integrated with the Bloomberg Terminal, so Credicorp Capital can also see our award-winning news, data and analytics.”
TOMS will allow Credicorp Capital to:
• manage position, profit and loss, and risk in real time
• offer bonds electronically via Bloomberg’s ALLQ platform that shows price comparisons, single-dealer pages and allows trading on live-streaming prices
• conduct post-trade allocation automatically and streamline post-trade workflow
• move Bloomberg’s voice trade confirmations (VCON) into the TOMS blotter
The system provides multi-asset coverage with workflows for trading and sales, manages inventory and P&L activity. It also provides enterprise technology including electronic trading tools and connects to the largest network of buy-side and sell-side investors.
Most importantly, TOMS provides global regulatory reporting and connectivity to electronic fixed income markets in the Latin America, U.S. and Europe.