Bloomberg completes Broadway Technology acquisition
Transaction first announced back in March; businesses highlight increasing maturity of electronic trading in fixed income as a key factor for the acquisition.
Transaction first announced back in March; businesses highlight increasing maturity of electronic trading in fixed income as a key factor for the acquisition.
Named Bridge AXE the new tool will expand users’ ability to anonymously publish trading interests; follows the launch of Bloomberg’s all-to-all platform in Q2 2022.
As the liquidity landscape increasingly turns buy-side firms to the role of price maker in fixed income, Annabel Smith explores the current technology available to them to do so and the role data will play in giving the buy-side the confidence to cement this trend as mainstream.
New indices will help capture individual factors and attributes that propel top-performing companies, said Bloomberg.
The panel discussed automation as a process with various moving parts moving forward, highlighting the importance of considering exactly which resources are expended when it comes to optimising workflows.
New function will support users with intra-quarter insights which can be incorporated into research workflows as well as consensus estimates, company news, research and guidance.
As the buy-side increasingly seek higher quality and comprehensive data, providers are answering the call, focused on enhancing their services and increasing their scope.
More than 50% of the market contributed to the launch of the service, with participation expected to increase to over 80% in the coming weeks.
Price makers will benefit from an enhanced offering which allows users to more quickly identify where and why opportunities to price are being missed.
Bloomberg AIM will allow the asset manager to expand its investment strategy across multiple portfolios, while Bloomberg Vault will be used to aggregate a range of e-communications data.