Bloomberg builds out EFP offering to boost Australian electronic trading
The first transaction of the expanded offering has been completed between HESTA and ANZ, with the upgrade aiming to provide clients with a new way to manage risk.
The first transaction of the expanded offering has been completed between HESTA and ANZ, with the upgrade aiming to provide clients with a new way to manage risk.
The move, revealed by The TRADE in October 2025, is set to boost trading efficiency, enabling efficient trade execution and faster pre- and post-trade processing, according to the asset manager.
The new offering will allow clients using State Street’s FX Connect to carry out in-flight TCA and algorithmic controls, to enhance visibility for execution quality and oversight.
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The new desk operates across New York, London, Dubai and Singapore and is set to support hedge funds and banks executing complex fixed income and futures strategies.
The expanded capabilities make use of both real-time data and operational context and aim to reduce manual burdens and allow platform users to refocus human expertise on areas such as client service and risk reduction.
The dataset is expected to provide a unified framework from initial model research to market execution, and will support the construction of consistent macro signals and cross-asset models.
The firms include Goldman Sachs, JP Morgan, TD Securities, Morgan Stanley and Bank of America; integration is set to provide increased choice and liquidity provision for buy-side clients across fixed income markets.
The integration comes as electronification across the fixed income sphere continues at a rapid rate; move is set to support trading desks in overcoming fragmented liquidity, manual workflows and rising expectations around best execution.