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.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
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. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
BST Awards 2024: Best buy-side execution venue—360T
Product: 360T
Buy-Side Technology Awards 2024: All the winners and why they won
The 39 category winners of the 2024 Buy-Side Technology Awards.
BST Awards 2024: Best buy-side performance measurement and attribution product—FactSet
Product: FactSet Performance Solutions
BST Awards 2024: Best buy-side newcomer (vendor or product)—Exegy
Product: nxFramework
BST Awards 2024: Best buy-side managed data service—S&P Global Market Intelligence
Product: iLEVEL Managed Data Services
BST Awards 2024: Best portfolio accounting platform—SS&C Advent
Product: Geneva and APX