Bloomberg Tradebook Changes Best Ex Approach with OPTX
OPTX uses Bloomberg’s data and analytics and partnerships with algo providers to offer optimized execution.
Glenn Lesko, CEO and president at Bloomberg Tradebook, tells WatersTechnology the creation of OPTX was a way for the firm to differentiate itself when it comes to best ex in what has become a crowded field in recent years.
“What we had done in the past was very similar to what a traditional trading model is. We built our own algorithms in order to try to outperform those indices and those benchmarks and get best execution. We are proud we built very well-rated, great algorithms. But at the same
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