Equity Trading Solutions

Features & Benefits

Tradebook clients can implement complex trading strategies from integrated workflows so they can seek optimal liquidity—both lit and dark—with minimal market impact. They get real-time market insights from sophisticated Bloomberg analytics to help find opportunities that others may not have identified.

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Innovative Equity Algorithms

Innovative strategies and algorithms for electronic ADR conversions, program trading, pairs, and arbitrage integrated with direct market access in more than 70 global markets.

Global Portfolio Algorithm

Tradebook offers traders the ability to work with a global portfolio using two different benchmarks and extremely flexible cash constraints. Traders simply fill out the order ticket with the same instructions they would give a voice broker and the algorithm takes care of the rest.

Dynamic Auction Algorithms

Auctions are a significant source of liquidity for global equity trading. Tradebook offers sophisticated prediction logic and automation techniques that enable traders to fit auction liquidity into their entire daily workflow with ease.

PAIR Equity/Equity Algorithm

PAIR is an intuitive platform that models and takes advantage of ratio-adjusted, absolute or merger statistical arbitrage opportunities. The execution algorithms leverage Bloomberg Tradebook’s advanced strategies to seek price improvement opportunities. Traders also use this algorithm to normalize the set-up price and balance the execution of cross-currency PAIRS in one common currency.

Additional Algorithms include:

Bloomberg Volume-weighted Average Price (BWAP), Dynamic Volume-weighted Average Price (DWAP), Time-weighted Average Price (TWAP), Go-Along, Volume In Price (VIP), Arrival Price, B-Dark, B-SmartSM, B-SmartSM Auto, Hide and B-Smart, Hide and B-Smart Auto, Fire, Hide and Fire, Hide and Sweep, Market, Limit, PAIR, and Peg.

Equity Workflows & Analytics

Customizable end-to-end trading solution with (1) pre-trade analysis and algorithm selection analytics; (2) working trade order alerts and real-time chart annotation of executions and order=handling decisions; and (3) post-trade transaction cost analysis for examination of outliers and trends. Unprecedented order-handling transparency at each stage of the trading process.

Strategy Analyzer

Traders need a clear way to specify what they want to do and have the right algorithm and algorithm setting automatically selected based on current market conditions. Tradebook’s Strategy Analyzer recommends the specific Tradebook algorithm configuration to use based on the trader’s needs and market conditions.

Venue Transparency

Traders need to know what venue they are executing in to determine if their algorithm is capturing all possible liquidity. Tradebook offers a real-time view of where and how much of the order is getting done in particular venues. These data are represented in both a table and a pie chart, giving traders a clear view of where they are getting fills.

Tradebook Order API

Traders who would like to leverage powerful modeling programs can connect their models to Bloomberg Tradebook comprehensive global DMA and Algorithms platform for executions.

Tradebook Order Builder API

Traders can create their own models in a spreadsheet and then connect it to Tradebook’s powerful algorithm suite for futures, options, equity, and FX without being a programmer or needing one.

Additional Workflows include:

Market Depth and Execution Monitor Screen, Scheduled Algorithm Analytics and Monitor, Trading Blotter, Audit Trail, Pair Trading Platform, Tradebook Order API, Tradebook Order Builder, Execution Management System, Tradebook Basket/Program Trading Platform, Strategy Analyzer, Transaction Cost Analysis (TCA), Chart Annotations, Executing Venue Transparency, Bump Buttons, Decrement Strategy, Allocations, and BUD.

Awards for Bloomberg Tradebook

Bloomberg Tradebook tops Institutional Investor’s 2010 Best Execution League tables (Nov 2010)

Best Execution League Table based on Elkins/ McSherry survey of more than 2,000 global brokers.

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