Regulation awareness and next-gen analytics key to Bloomberg Tradebook

Providing regulatory support to clients and next generation analytics technology are key priorities for Bloomberg Tradebook, it has said. 

Providing regulatory support to clients and next generation analytics technology are key priorities for Bloomberg Tradebook in the coming months, it has said.

Tradebook’s Head of EMEA Sales David Masullo  said the agency broker is highly focused on creating next-gen analytical tools such as the Bloomberg Tradebook Strategy Analyser (STAZ).

Launched earlier this year, STAZ offers clients a number of different data sets as well as predictions of how securities may behave.

The firm has also been putting its analytics to use to help it understand how the developing regulatory landscape will affect markets in the future.

Masullo highlighted the example of MiFID II regulations on dark pool caps that will set limits in dark trading of 8% for the whole market and 4% for a particular venue. 

“As some of the broader MiFID II directives have been known for the last 2.5 years, we’ve been able to run data sets for that long. Particularly in areas such as caps on dark pools, how trading is going to proceed and how this is going to affect our clients.”   

As well as STAZ, Tradebook has also launched an ETF request for quote (RFQ) platform in October 2014 allowing traders anonymous access to liquidity providers.

While the platform is relatively new, Masullo said the firm will continue to monitor developments in MiFID II in order to ensure it remains compliant.

“RFQ has really helped our clients well in terms of liquidity and price improvement but we are constantly looking about whether this may have to change in some way due to new regulations.” 

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