EMSX FIXNET BTCA BLOOMBERG FOR EXECUTION MANAGEMENT JUN // 27 // 2012
EMSX CONTACT DETAIL 2»Janos Renz-Hotz jrenzhotz@bloomberg.net +44 (0) 207 673 2057 +44 (0) 782 725 4400»Help Help<go> from within EMSX in your Bloomberg»BEMS<go> and TCAI<go> in your Bloomberg
AGENDA 3» Introduction to the Bloomberg EMS Group» Glox Integration» Products Electronic Trading - EMSX Pre- RT- and Post- Trade Analysis - EMSX FIX Network with analytics FIXnet Transaction Cost Analysis BTCA» Conclusion Recap Q&A
NTRODUCTION >>>>>>>>>>>>>
INTRODUCTION - BLOOMBERG FOR EXECUTION MANAGEMENT» Our Clients > 11,000 Users Globally, 4,700 Users in Europe alone 950 Firms in Europe use EMSX for Equities, 250 for Futures & Options 200+ clients for BTCA 5» Dedicated Client Support 20 EMSX/BTCA Account Managers EMEA 24 Hour Global EMSX Trade Desk Support Dedicated Project Management Team for EMSX, FIXnet & BTCA» Unique to Bloomberg Integrated with Bloomberg Data, Graphs, News, Analytics & LaunchPad Broker Neutral Execution: Free to both Buy side AND Sell side Unique FIX Network of +2000 Brokers already connected to EMSX
INTRODUCTION - BLOOMBERG FOR EXECUTION MANAGEMENT» Access to Liquidity Largest Broker Network (+2000 Brokers of which 180 Brokers for Futures and Options) DMA, SORs, Care Orders, Algos, RFQs, Dark, MTFs Largest & most used IOI network with advanced IOIs and Live IOIs 6» Asset Coverage Listed Equities and ETFs (also with RFQ for ETFs) Listed Futures & Listed Spreads (also with RFQ for Futures in Q4) Listed Options (also with RFQ for Options) Plus Listed and OTC FI for FIXnet
INTRODUCTION - BLOOMBERG FOR EXECUTION MANAGEMENT 7 The Bloomberg EMS,..., is often cited for its advantage from a workflow standpoint, extensive data aggregation and analytics capabilities and reach across the market... there is no explicit or implicit charge for the EMS. Amongst the EMSs, Bloomberg shows strongly for both asset managers and hedge funds. Although there is no extra charging structure for the EMS functions beyond the terminal fee incurred, its high rate of mention is an indicator of value Source: Tabb Group OMS EMS 2011 Avg # of EMS s on the desktop vs Bloomberg EMSX growth % 7 100% 6 5 4 80% 60% 3 2 1 40% 20% 0 2006 2007 2009 2008 2010 2011 Source: Tabb Group & Bloomberg 0%
LOX TEGRATION >>>>>>>>>>>>>
INTEGRATED TO YOUR WORKFLOW 9 Order Data BTCA GLOX OMS EMSX Execution BBG Network Cash Broker Echo of Orders DMA Broker FIXnet Algo Broker Darkpools
EMSX >>>>>>>>>>>>>
EMSX THE LARGEST EMS IN THE INDUSTRY» EMSX Best of Breed Multi-asset EMS Cash, Algo, DMA, Baskets, all on one platform/blotter Pre-, Real Time and Post Trade TCA Largest Broker network in the world Integrate IOI and all the leading Bloomberg market data Cutting Edge Analytics 11
EMSX THE LARGEST EMS IN THE INDUSTRY» Non-Committed Liquidity in EMSX as an RFQ tool Multi Bank RFQs to trade with the best market maker and maintain Best Execution Simple Workflow, and fully integrated Strategy Creation, for complex option trades Faster Execution, quicker and more efficient price discovery Available for ETFs and Options (Futures Q4) 12
EMSX NOW ALSO AS AN ANALYTICAL TOOL» EMSX Also as a stand alone analytical tool Integrate third party trading data to EMSX via FIXnet Real time TCA and market colour Enrich your trading with Bloomberg market data IOI, News, Corporate Actions, Venue Analysis etc. 13
EMSX INDUSTRY LEADING ADVANCED ANALYTICS» EMSX A variety of Basket Trading Analytics Volume Analysis, including advanced Projected Volume Models Impact Cost Analytics, including advanced Impact Models Momentum, Complexity and Deviation Models 14
FIXNET >>>>>>>>>>>>>
FIXNET FIX CONNECTIVITY WITH INTEGRATED ANALYTICS 16» FIXnet Same infrastructure that runs our Terminal Largest and most secure private network in the world Feeds EMSX with trade data as a stand alone analytical tool Handles millions of FIX messages per day with thousands of FIX sessions We run our business on FIXNet, for example: EMSX with: 12,000 Active Users Globally 650 Firms in EMEA Billions of USD Traded Daily FIXNet History: Accessible solely via Bloomberg Trading Systems FIXNet Today: 2012 Bloomberg opens FIXNet to 3rd party systems to service the buy/sell side
FIXNET FIX CONNECTIVITY WITH INTEGRATED ANALYTICS 17 Bloomberg FIXNet offers the Order sender Advanced Order Analytics for every order sent from a non Bloomberg system over our network FIXNet real-time intra-trade analytics Launchpad analytics linked to FIXNet Dashboard
BTCA >>>>>>>>>>>>>
BTCA TRANSACTION COST ANALYSIS 19» BTCA Industry leading TCA Platform 100+ Benchmarks for Relative or Absolute Comparison Integrate essential factors such as Leakage, Volatility and Momentum Fully integrated into EMSX, FIXnet and any Third Party System
BTCA TRANSACTION COST ANALYSIS 20» BTCA Exception Based Reporting Visualisations tools to display the data interactively Unlimited Reports Measured per Parent Order Buy and Sell Side Model also for Client Distribution
BTCA TRANSACTION COST ANALYSIS 21» BTCA Data is distributed also externally of the Bloomberg Ecosystem Flexible Scheduling and Automatic Report Delivery econsulting for High Level, Global MIS/CIO report types
CONCLUSION >>>>>>>>>>>>>
BLOOMBERG FOR EXECUTION MANAGEMENT» Recap EMSX: Largest buy-side community of users in the world Fully integrated with GLOX 2,000+ broker destinations / most secure private network in the world Broker neutral & multi asset Consolidated order driven market data, analytics and news Advanced order analytics (pre/active/post trade) Industry leading TCA platform Fully customisable platform to suit your trading needs Dedicated experienced partner offering 24/7 support 23» Q&A