Trading / Post-Trade Services
Transaction Cost Analysis
Unlock efficiency with data
Bloomberg Transaction Cost Analysis (BTCA) is a multi-asset, transaction cost analysis tool that combines your trades with the extraordinary breadth and transparency of Bloomberg’s market data to deliver powerful analysis against a wide range of benchmarks. Featuring exception-based workflow and customizable reporting, it empowers you to get informative analysis on demand.
Multi-asset class coverage
Prove best execution across fixed income, equities, foreign exchange, crypto, listed and OTC derivatives, using Bloomberg’s range of pricing data.
Data throughout the lifecycle
View TCA across the full lifecycle of the trade, from pre-trade through Bloomberg’s Electronic Trading solutions all the way to post-trade reporting.
Compliance tailored to your needs
Achieve robust and comprehensive trade surveillance utilizing the flexible rules engine that can be configured to identify and manage a wide variety of compliance scenarios.
Features
Front office
Whether on the buy-side or sell-side, you can verify execution quality across an exhaustive list of benchmarks to evaluate your methods of execution from high-touch to more complex algorithmic trading. BTCA provides the flexibility to start from a high-level view of trading activity, drilling down into transactional data.
Best execution
Whether global firms are adopting Best Execution frameworks or supporting regulations such as MiFID II, FINRA 5310, among others, BTCA has you covered. BTCA assists in regulatory compliance or fiduciary responsibilities, to provide transparency to demonstrate efficiency in specific strategies.
Compliance
Exception-based workflow provides fully automated surveillance of trading activity across asset classes. BTCA provides an operational framework to support the four critical steps of identification, investigation, determination, and analysis, delivering comprehensive market abuse, suspicious transaction and unusual behavior monitoring.
Data science
Analyze your TCA data in your own cloud environment via a variety of programming languages including Python through the Bloomberg API. Furthermore, your data is accessible through the Bloomberg Query Language (BQL) and integration into 3rd Party Business Intelligence tools like PowerBI.
Ease of integration
BTCA provides the common architecture for data ingestion whether you use Bloomberg’s electronic trading solutions or leveraging an alternative third-party execution management system (EMS) or an order management system (OMS).
Compare with peers
Comparing absolute performance with peers in the same trading scenario is essential. A large or difficult order is tough to trade and will likely incur slippage, but in doing so, how can you know if it under-or outperformed others in comparison? BTCA can assist.
Asset Class Coverage
Fixed Income & FX
Equities
Listed derivatives
OTC derivatives
TOMS
Bloomberg Trade Order Management Solutions (TOMS) provides fixed income sell-side firms the capabilities to efficiently manage inventory, risk, P&L, compliance and straight-through processing.
AIM
For buy-side firms, Bloomberg AIM delivers global, multi-asset solutions for portfolio management, trading, compliance and operations.
MTF
Bloomberg Trading Facility Limited’s multilateral trading facility, BMTF, is a robust trading platform for trading cash bonds, repos, credit default swaps (“CDS”), interest rate swaps (“IRS”), exchange-traded funds (“ETF”), equity derivatives and foreign exchange derivatives (“FX”).
MARS
Bloomberg’s Multi-Asset Risk System (MARS) uses consistent pricing and risk data to model every deal in your portfolio, giving you an accurate picture of hedging dynamics at the portfolio level and ensuring that you don’t underestimate or overestimate your risk.
RHUB
Our global, cross-asset, multi-regulation solutions fulfill the needs of firms across all markets, including buy-side, sell-side and market infrastructure providers. Bloomberg’s Regulatory Reporting Services can be easily integrated into any firm’s workflows, via standard APIs or with Bloomberg’s own order management, execution and confirmation solutions.
VAULT
Bloomberg Vault is an integrated compliance and surveillance solution designed to help global financial services firms meet their regulatory obligations and business standards.
Bloomberg Post-Trade Products
From reconciliation, collateral management, trade settlement and connectivity to custody, admin and accounting workflows, Bloomberg helps streamline complex processes, reduce risk and lower costs.
