As Bloomberg Leaves SSEOMS/KYC, Others Will Look to Capitalize
Bloomberg’s SSEOMS will dissolve by April 2021, which means its clients are on the prowl for alternatives.
Firms using Bloomberg’s Sell-Side Execution and Order Management Solutions (SSEOMS) have until April 2021 to find a new platform provider. About two months ago, the tech giant said that it was exiting two key lines of business: its SSEOMS unit and its Know-Your-Customer (KYC) business, which includes Entity Exchange and Entity Intelligence.
The KYC space is saturated and difficult, so it wasn’t a huge surprise to see Bloomberg back away from that sector. While order and execution management
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