Bloomberg Tradebook

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Bloomberg Tradebook, LLC., the agency broker of Bloomberg L.P., serves global investment advisors, money managers, hedge funds, proprietary desks and broker dealers, with access to global trading venues, proprietary trading algorithms, execution consulting services, pre-and-post trade analytics and independent research.[1]

Through a trading platform integrated with the Bloomberg Professional service, Bloomberg Tradebook provides its customers with direct market access (DMA) to more than 110 markets and global trading solutions for equities, futures, and options across 44 countries, as well as 43 currency pairs. Tradebook offers over 55 proprietary algorithms designed for each asset class and market.[2]

History

Bloomberg Tradebook was founded in 1996 by Kevin Foley as an electronic communication network (ECN) and an alternative trading system (ATS) for U.S. equities.[3] In 1999 Tradebook began offering electronic trading for Asian equity markets and in 2000 the European equity markets became available. In 2002 Tradebook launched Futures trading, followed by US Listed options in 2006[4] and an FX marketplace in 2007.[5]

In 2010, Bloomberg Tradebook developed B-Dark, an algorithm to provide information to traders about where their orders were being filled, even for trades occurring in private electronic transaction networks, or dark pools.[6] Today, Bloomberg Tradebook is led by Chief Executive Officer Glenn Lesko.

In November 2011, Bloomberg Tradebook was ranked a top equity trading broker based on interval volume-weighted average price (VWAP) and arrival price in an Elkins McSherry study of more than 2,000 global brokers.[7]

Execution Consulting

In 2011, Bloomberg Tradebook started offering execution consulting services. Execution consulting is an advisory service that uses analytics and knowledge of the market place, specifically execution venues, to improve trading efficiency and reduce implicit trading costs, or execution fees.[8]

Bloomberg Tradebook has a staff of 35 execution consultants globally that take accredited courses ranging from professional consulting through systems, pre and post-trade and technical analysis.[9]

Awards

  • Markets Media 2016 Markets Choice Awards - Best ETF Liquidity Provider[10]
  • HFM 2015 European Technology Awards - Best Risk Management Software[11]
  • Waters Technology 2015 Buy-Side Technology Awards - Best Buy-Side Commodities Trading Platform[12]
  • 2015 Wall Street Letter Awards[13]
    • Best Futures ISV
    • Best Options Trading Platform
  • Markets Media 2015 Markets Choice Awards - Best New Data Product: STAZ[14]
  • The Trade Leaders in Trading 2015[15]
    • 2015 Reducing Market Impact (Hedge Funds)
    • 2015 Smart Order Routing (Hedge Funds)
  • Waters Ranking 2015[16]
    • Best Agency Broker
    • Best Mobile Trading Platform

Independent Research Providers

Bloomberg Tradebook provides clients with consultative services for research and access to independent third-party research. Tradebook partners with independent providers offering fundamental and industry-specific research.[17]

References

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