Sell-Side Technology Awards 2013: Best Sell-Side Front-Office Execution Platform ─ Bloomberg
![bloomberg-sst-front-office-execution bloomberg-sst-front-office-execution](/sites/default/files/styles/landscape_750_463/public/import/IMG/417/258417/bloomberg-sst-front-office-execution-580x358.jpg.webp?itok=86337lJX)
"The Bloomberg Professional service is a powerful tool for anyone in the financial markets," says Geoffrey Patsch, global head of SSEOMS. "Leveraging that power through an OMS streamlines workflow and offers a major competitive advantage. SSEOMS provides a single touch point to improve the quality and speed at which our users distribute and act upon information. Taking advantage of all that Bloomberg has to offer has allowed our clients to focus on what they do best-alpha generation.
Last year, Bloomberg introduced a new liquidity marketing device, Sales and Trading Efficiency Platform (STEP), an application that combines customer relationship management (CRM) functionality with tools for indications of interests (IOIs) and average daily volume (ADV), and custom news and analytics to automate daily tasks for sales and trading and streamline communication processes. STEP distributes order flow and provides alerts to sales and trading, identifies the best customers to target, and automates the use of customers' preferred methods of communication.
"Our SSEOMS account representatives are attentive and responsive to our needs on a real-time basis," says JT Cacciabaudo, head of equity trading and sales trading at Birmingham, Ala.-based broker, Sterne, Agee & Leach. "We appreciate that level of service. This client attention is consistently demonstrated by all levels of Bloomberg management. Bloomberg constantly requests feedback as they always want to know where they can improve their product offering as well as what is working successfully. This service enhances the entire client experience with regard to our daily dealings with our OMS provider."
Bloomberg has lately focused on adding more powerful and actionable trading analytics, as well as its alerting capabilities. It is planning to expand into more asset classes in 2013 and add additional global exchange connections. Patsch says he is particularly excited about the firm's distribution capabilities to allow brokers to better communicate with clients.
BLOOMBERG REACTION
Last year, Bloomberg introduced a new liquidity marketing device, Sales and Trading Efficiency Platform (STEP), an application that combines customer relationship management (CRM) functionality with tools for indications of interests (IOIs) and average daily volume (ADV), and custom news and analytics to automate daily tasks for sales and trading and streamline communication processes.
"Bloomberg SSEOMS is proud to be named best sell-side front-office execution platform at the first Sell-Side Technology Awards. SSEOMS provides a complete order and execution management solution for sell-side firms, helping them maximize revenue generation, attain best execution, manage risk and compliance, and achieve operational efficiency. Our solution leverages the power of the Bloomberg Professional service coupled with an OMS that streamlines workflow, giving our customers a competitive advantage. We remain dedicated to continuously providing optimal services to our clients, with our integrated suite of solutions, including idea generation, liquidity management, electronic order flow, market execution, positions and P&L, risk management, and compliance. This award recognizes our dedication to providing the best and most efficient solutions to our clients and we look forward to enhancing our offering to continue to adapt to their needs."
Geoffrey Patsch, global head of Bloomberg's Sell-Side Execution & Order Management Solutions (SSEOMS)
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
Waters Rankings 2024: All the winners
WatersTechnology readers voted to determine the winners in 35 technology and data categories comprising this year’s virtual Waters Rankings.
Waters Rankings 2024: Best reference data provider—Association of National Numbering Agencies (ANNA)
Product/service: ANNA Service Bureau (ASB)
Waters Rankings 2024: Best corporate actions solution provider—SIX
Product/service: Global Corporate Actions service
Waters Rankings 2024: Best cybersecurity provider—AI Risk
Product/service: AIR-GPT platform
Waters Rankings 2024: Best transaction-cost analysis (TCA) system provider (highly commended)—S&P Global Market Intelligence
S&P Global Market Intelligence’s Transaction Cost Analysis tool is highly commended in the best transaction-cost analysis (TCA) system provider category of the 2024 Waters Rankings.
Waters Rankings 2024: Best reporting system provider—S&P Global Market Intelligence Cappitech
Product/service: Cappitech
Waters Rankings 2024: Best trading floor communication system provider—Cloud9
Cloud9 wins the best trading floor communication system provider category in the 2024 Waters Rankings.