Waters Rankings 2017: Best Sell-Side Order Management System (OMS) Provider—Bloomberg
Bloomberg wins the best sell-side OMS provider category for the second consecutive year.
Despite a recent uptick in traction for integrated order and execution management systems (OEMS), Bloomberg always appears to have an ace up its sleeve in the form of the Bloomberg Terminal, a ubiquitous part of the trading desk. TOMS reference data uses the same security-level data from Bloomberg’s global data services, of particular importance to the vast majority of market participants that are currently preparing for the introduction of the revised Markets in Financial Instruments Directive (Mifid II), covering Mifid II-specific data fields, including liquidity, size specific to instrument (SSTI) levels, large-in scale (LIS), and other security-specific waivers.
The platform has also been granted approval by the Financial Conduct Authority (FCA) in the UK to report securities with an International Securities Identification Number (ISIN) and over-the-counter (OTC) derivatives, as part of the Approved Reporting Mechanisms (ARM) regime within the country.
The fixed-income space has become saturated with electronic trading solutions and platforms in recent years, as the market heads further down the path of electronification, and Bloomberg’s integration of its trading systems is one of its key strengths. Robert Friend, Bloomberg global head of sell-side solutions and research says the firm has been working toward expanding the integration and scope of TOMS.
“We have invested heavily in enhancing our platform to support more complex electronic market-making workflows,” Friend explains. “Our multi-asset pricing and quoting engine is capable of generating real-time quotes from various pricing methodologies and sources, and it is coupled with a robust safeguard and alerting system that automatically monitors market conditions and adjusts external quotes based on trader-defined models and constraints. We are also looking to extend the capabilities of TOMS into our customers’ risk workflows, so that it can provide a window into their vital trading activities.”
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.