Waters Rankings 2015: Best Agency Broker ─ Bloomberg Tradebook
in a sense, it was inevitable that Bloomberg Tradebook would eventually take home the prize. In 2015, it finally has.
Sabrina Gagliotta, Tradebook’s global head of trading and execution consulting, made this point immediately when we discussed the win: when you have access to Bloomberg's terminal, you not only have easy access to eyes, you can create solutions that integrate into a traders work flow from the research phase to execution.
As a result, almost everything Tradebook now does is designed with a cross-asset mentality, from its algorithms to complex workflow tools and analytics that allow market participants to plug in proprietary modeling and trading programs across a global range of direct market access (DMA) points.
One particular focus area revolves around complex relative-value strategies, which pair up orders that might play an option against an equity, or an equity against an index future. The strategy, Gagliotta says, is typical of Tradebook’s approach. Of course, an algo is available to help traders construct and execute their chosen pair, but much of the value-add happens before that. In this case, Tradebook’s global head of product development, Yurij Baransky, and CIO of enterprise solutions Vipul Nagrath, developed a front-end “cockpit” that allows users to visualize the strategy at hand and compare the spreads incurred by a particular pair; assess the volatility, benchmark or other risks that may be targets for the desired hedge; and compare the different values that become relevant as two instruments are placed in a buy/sell relationship.
That all sounds complicated—and it is—but the goal is quite simple and reflects Bloomberg’s broader push for elegance of user experience: locate all the information necessary in one place, and arrange it in a way that is easily understood. While building these tools, Tradebook has also made it a point to develop the platform for mobile, and particularly for iPad use—an initiative that won it the best mobile initiative category in this year’s Rankings (see in the print edition page 74).
It’s old news that Bloomberg is good—perhaps better than anyone on the Street—at leveraging its privileged position on thousands of trading desks. Tradebook’s win this year is proof that it can listen, too.
It’s old news that Bloomberg is good—perhaps better than anyone on the Street—at leveraging its privileged position on thousands of trading desks. Tradebook’s win this year is proof that it can listen, too.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Witad Awards 2024: Rising star (vendor) – data, engineering & product development—Roberta Bill, SmartStream Technologies
Roberta Bill, product manager at SmartStream Technologies, wins rising star (vendor) – data, engineering & product development, in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Technology leader of the year (end-user)—Sejal Shah, BNP Paribas India Services
Sejal Shah, director and head of Global Markets IT BNP Paribas India Services, wins technology leader of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Reference data professional of the year (end-user)—Ludmilla Morgunova, BNP Paribas
Ludmilla Morgunova, Java developer on BNP Paribas’ Referential Data Platform, wins reference data professional of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Vendor professional of the year (trading and risk)—Mina Wallace, SS&C Algorithmics
Mina Wallace, general manager and senior vice president of the risk management business unit at SS&C Algorithmics, wins the vendor professional of the year (trading and risk) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Above and beyond award (vendor)—Susan Bennett, Tradeweb
Susan Bennett, managing director, global head of product marketing at Tradeweb, wins the above and beyond award (vendor) in the 2024 Women in Technology and Data Awards.
Women in Technology & Data Awards 2024: All the winners and why they won
WatersTechnology honored the winners of the 36 categories in the 2024 Women in Technology & Data Awards, who were announced at a sit-down lunch in London on International Women's Day on March 8.
AFTAs 2023: Best new technology introduced over the last 12 months (data & data services)—SS&C Aloha
Northern Trust: Improving transparency across the asset servicing market
Northern Trust won three categories in the 2023 American Financial Technology Awards. Paul d’Ouville, global head of technology solutions and servicing at Northern Trust, discusses his firm’s fourth consecutive win in the Best reporting initiative…
Most read
- Women in Technology & Data Awards 2024: All the winners and why they won
- Witad Awards 2024: Above and beyond award (vendor)—Susan Bennett, Tradeweb
- Dark horse: Deutsche Börse building dark pool