Bloomberg boosts transaction cost analysis solution
11 January 2024 US
Image: MrPanya/stock.adobe.com
Bloomberg has strengthened its Transaction Cost Analysis solution (BTCA) with the addition of Data Access.
BTCA offers access to the company’s global market data, covering a number of trading benchmarks and asset classes, along with transaction cost analysis and trading insights.
The service supports clients’ compliance obligations and execution policies, and gives risk teams granular details of the trade flow life cycle.
Combining trading data with Bloomberg Data License’s reference and pricing data, Data Access allows clients to design and build bespoke data solutions on top of the BTCA framework using general-purpose programming language.
Users can also input complex queries to refine data for a number of use cases, with combined datasets providing users with comprehensive information for reporting and decision making, Bloomberg says.
Ravi Sawhney, global head of trade automation and analytics at Bloomberg, says: “We are focused on the continued enhancement of our solutions as clients’ trading needs are constantly evolving with the markets.
“BTCA allows clients to analyse and monitor trading performance and provides them with tools to create customised reports using a range of factors, including peer benchmarks. The ability to use a broader range of data as they evaluate their transactions helps expand trading insights and make better informed decisions to improve performance.”
Audrey Blater, senior analyst for Coalition Greenwich market structure and technology, comments: “Data is a significant driver of TCA adoption, and increased workflow electronification enables clients to benefit from a broader range of datasets.
“Our research shows that the buy-side continues to adopt TCA tools, and as client needs advance, systems providers are responding by continuously investing in their TCA solutions and offering enhanced features.”
BTCA offers access to the company’s global market data, covering a number of trading benchmarks and asset classes, along with transaction cost analysis and trading insights.
The service supports clients’ compliance obligations and execution policies, and gives risk teams granular details of the trade flow life cycle.
Combining trading data with Bloomberg Data License’s reference and pricing data, Data Access allows clients to design and build bespoke data solutions on top of the BTCA framework using general-purpose programming language.
Users can also input complex queries to refine data for a number of use cases, with combined datasets providing users with comprehensive information for reporting and decision making, Bloomberg says.
Ravi Sawhney, global head of trade automation and analytics at Bloomberg, says: “We are focused on the continued enhancement of our solutions as clients’ trading needs are constantly evolving with the markets.
“BTCA allows clients to analyse and monitor trading performance and provides them with tools to create customised reports using a range of factors, including peer benchmarks. The ability to use a broader range of data as they evaluate their transactions helps expand trading insights and make better informed decisions to improve performance.”
Audrey Blater, senior analyst for Coalition Greenwich market structure and technology, comments: “Data is a significant driver of TCA adoption, and increased workflow electronification enables clients to benefit from a broader range of datasets.
“Our research shows that the buy-side continues to adopt TCA tools, and as client needs advance, systems providers are responding by continuously investing in their TCA solutions and offering enhanced features.”
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