> > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > BLOOMBERG TRADING SOLUTIONS E GILE
ABOUT BLOOMBERG Bloomberg is the world s most trusted source of information for financial professionals and businesses. Combining innovative technology with unmatched analytics, data, news and tools, Bloomberg delivers critical information via the Bloomberg Professional service and multimedia platforms. Bloomberg Enterprise Products and Solutions provides leaders in corporations, finance and government with a dynamic network that allows them to access, integrate, distribute and manage information and technology across organizations more efficiently and effectively. CONTENTS 02 ASSET AND INVESTMENT MANAGER (AIM) 05 SELL-SIDE EXECUTION & ORDER MANAGEMENT SOLUTIONS (SSEOMS) 08 TRADE ORDER MANAGEMENT SOLUTIONS (TOMS) 11 TRADING SOLUTIONS CONNECTIVITY & INTEGRATION (TSCI)
EXPAND YOUR REACH Bloomberg Trading Solutions delivers front-end portfolio, inventory, sales, trading and middle and back office operations solutions. With these solutions, buy-side and sell-side firms gain unrivaled agility to respond to their changing business needs, and market regulations and innovations. Bloomberg provides Trading Solutions on a hosted platform for flexibility because markets evolve and your needs change. Our solutions eliminate the need to have dedicated workstations or servers on your premises, so you can lower your total cost of ownership. We take on the burden of keeping up with the costs of development inherent with changing markets, instruments and technologies, such as infrastructure build-outs, version upgrades, data sourcing, continual tuning and system maintenance. Fully integrated with the Bloomberg Professional service, Bloomberg Trading Solutions provides access to unmatched analytics, data and news, and the largest financial network, supported by Bloomberg global customer service at the local level.
ASSET AND INVESTMENT MANAGER (AIM) GLOBAL, MULTI-ASSET SOLUTIONS FOR BUY-SIDE FIRMS As a portfolio manager, trader, compliance officer, risk manager, operations or IT manager, you face the challenge of doing your job in the most efficient way possible. You need solutions to meet your challenges: achieving alpha, reducing portfolio costs, managing risk and compliance, attaining best execution and delivering the best technology. Bloomberg provides global solutions to meet those needs. For buy-side institutions, hedge funds and proprietary trading desks, Bloomberg Asset and Investment Manager (AIM) delivers global, multi-asset solutions for front-end portfolio, trading and middle and back office operations. AIM offers an integrated suite of solutions including: decision support and portfolio management; pre-trade, post-execution and end-of-day compliance; order management, electronic trading and execution; and post-trade matching, settlement, reconciliation, portfolio accounting, performance measurement and data aggregation and reporting. With AIM, you can manage your portfolio and risk, optimize your workflow, enhance compliance and lower operational risk. AIM WORKFLOW
MANAGE YOUR PORTFOLIO AND RISK AIM provides real-time position management and portfolio analysis, enabling portfolio managers to measure a portfolio versus a benchmark. Traders and risk managers gain a view of aggregate risk metrics and P&L, allowing them to make accurate and more effective trading decisions. Monitor multiple portfolios simultaneously in a flexible user-defined workspace Analyze your portfolios in absolute or relative terms by sectors, issuers, ratings, duration, security type, etc. Rebalance portfolios to models or benchmarks to align positions, generate or infuse cash for asset allocation Conduct what if scenario analysis and determine risk impact Import or create indices, benchmarks and single or multi-tier models for fund characteristics and analytic comparison Generate historical holdings report with concise details of mark-to-market price, cumulative average costs and unreal and realized P&L OPTIMIZE YOUR WORKFLOW AIM provides a single workspace customized for individual users to optimize their workflow. You have the flexibility to define display options based on your individual needs. You can also trade any asset class and execute orders via multiple destinations and platforms. Monitor market data and security upgrades for active orders in real time Customize your trade blotter to display your most important trade information on one screen, such as watch lists, market depth, time and scales, pre-trade TCA and real-time pricing Easily add new brokers and strategies Onboard new users, access new asset classes and enter new markets quickly Create alerts for market limits, increased volatility and others Trade all asset classes: equities, fixed income, FX, options, futures and complex derivatives Route orders to more than 2,300 equity destinations, including DMA and dark pools Execute your trades via any platform: fully integrated with Bloomberg Fixed Income Trading (FIT), Foreign Exchange Electronic Trading (FXET) and third-party electronic execution platforms BLOOMBERG TRADING SOLUTIONS 02 // 03
MANAGE REGULATORY REQUIREMENTS IN A SINGLE WORKSPACE ENHANCE COMPLIANCE With a robust compliance engine, AIM ensures enterprise-wide, real-time pre-trade, post-trade and end-of-day monitoring for client, firm and regulatory requirements. It provides advanced compliance rule building, reporting and a complete audit history. A powerful data administration facility helps monitor and improve data quality. The module s highly scalable engine supports high volumes of trades, compliance rules, accounts and groups of accounts. Choose from a library with more than 500 pre-loaded rule templates, including standard global regulatory rule Leverage Bloomberg s security master database for true pre-trade compliance Calculate and monitor pre-/post-trade exposure to any asset class, including derivatives Monitor key client, regulatory and firm-based restrictions Reduce risk and resolve issues with an end-to-end audit trail Access the online-audit tool to capture all pertinent trading and compliance events Receive real-time notification of breaches via the violations blotter to approve and/or reject violations LOWER OPERATIONAL RISK AIM provides a powerful suite of tools to lower firm-wide operational risk through seamless workflow and automation of the post-trade process. In order to achieve straight through processing, AIM delivers middle and back office solutions. It also integrates with third-party agents and firms systems. Match trades via Omgeo, SWIFT and Bloomberg Voice Confirmation (VCON) with turnkey connectivity Centralize confirmation, trade matching and settlement instruction workflows Automatically route orders and allocations to appropriate counterparties Ensure central or local matching via rules-based functionality Connect to custodians, prime brokers and fund administrators Ensure high availability with built-in contingency and disaster recovery
SELL-SIDE EXECUTION & ORDER MANAGEMENT SOLUTIONS (SSEOMS) GLOBAL, MULTI-ASSET SOLUTIONS FOR SELL-SIDE EQUITY FIRMS Whether you re a trader, compliance manager or IT manager, you face the challenge of doing your job in the most efficient way possible. You need sell-side solutions that help you generate revenue, attain best execution, manage risk and compliance and deliver the best technology solution. Bloomberg provides global solutions to meet those needs. For sell-side equity firms, Bloomberg Sell-Side Execution and Order Management Solutions (SSEOMS) delivers global order and execution management solutions for front-end sales, trading and middle and back office operations. Bloomberg SSEOMS offers an integrated suite of solutions including: idea generation, liquidity management, electronic order flow, market execution, positions and P&L, risk management, compliance, middle office and back office. With SSEOMS, you can optimize the workflow, increase direct market access, manage risk and compliance and improve operational efficiency. SSEOMS WORKFLOW BLOOMBERG TRADING SOLUTIONS 04 // 05
TOOLS FOR SALES, TRADING AND OPERATIONS OPTIMIZE YOUR WORKFLOW SSEOMS provides a single workspace customized for individual users to optimize their workflow. Salespeople, traders, middle office and back office professionals have the flexibility to define and change display options based on their individual needs. SSEOMS FOR SALES Shop trade ideas and strategies to customers View real-time and historical commission reports Search internal order inventory Receive news and corporate action alerts on customer focus lists SSEOMS FOR TRADERS Build custom views, columns and alerts to display key data elements that are most critical to your workflows Create strategies and view historical performance Gain better transparency into the market with multi-market trading across liquidity pools SSEOMS FOR MIDDLE OFFICE Access a central blotter with trades, summary views and ticket matching features Confirm and allocate customer block trades with post-trade processing tools Quickly open new customer accounts on a custom middle office dashboard SSEOMS FOR BACK OFFICE Automate the trade reporting process with a rules-based engine for timely execution reports Real-time alerts to manage trading breaches Real-time alerts audit reports to display full order lifecycle
INCREASE DIRECT MARKET ACCESS To increase direct market access, SSEOMS users can leverage the larger Bloomberg financial community and capitalize on the largest order routing network in the world. SSEOMS provides a complete market access solution connecting to exchanges and diverse liquidity pools for any given market. SSEOMS also provides the solutions to fulfill your market-making obligations and work customer orders directly from the market depth and trade proprietarily. Gain instant access to thousands of electronic counterparties, third-party FIX networks, buy-side order management systems, global exchanges, MTFs, ECNs, brokers, dark pools and algorithmic trading destinations Target institutional holders, the Bloomberg IOI network and buy-side OMS systems, or take advantage of capabilities to deliver IOIs via personalized email or anonymous instant messaging Manage Care or DMA client orders with automatic routing rules with true no touch capabilities, including custom-route buttons to send orders to whichever market you want with the parameters you need. Leverage algorithmic and smart order routing technology for execution or send orders to a third-party algorithmic destination MANAGE RISK AND COMPLIANCE SSEOMS provides a full range of solutions for managing market, credit and counterparty risk. It also supports regulatory and firm compliance requirements with reporting and real-time monitoring which show the status of all reportable trades, including automated reporting. Increase visibility throughout your firm with easy access to real-time positions and P&Ls individually and across the firm Integrate the position monitor with the Bloomberg Professional service enabling employees to view real-time news, data and analytics while tracking firm-wide positions and risk Meet global regulatory obligations and receive firm-wide transparency Set trading limits, thresholds and receive real-time alerts on trading breaches Maintain accurate order history for trade reporting with time stamping Utilize industry standard, real-time supervisory reports IMPROVE OPERATIONAL EFFICIENCY SSEOMS improves firm-wide operational efficiencies through seamless workflow and pre-integration with the Bloomberg Professional service and third-party providers to achieve straight through processing. Onboard buy-side connectivity with existing Bloomberg routers or utilize third-party network firms Limit dual entry to third-party systems with real-time integration with back office providers Manage the allocation process with full integration to Omgeo s suite of products and direct FIX connectivity with your clients OMS BLOOMBERG TRADING SOLUTIONS 06 // 07
TRADE ORDER MANAGEMENT SOLUTIONS (TOMS) GLOBAL, MULTI-ASSET SOLUTIONS FOR SELL-SIDE FIXED INCOME FIRMS Whether you re a trader, compliance manager or IT manager, you face the challenge of doing your job in the most efficient way possible. You need sell-side solutions that help you generate revenue, attain best execution, manage risk and compliance and deliver the best technology solution. Bloomberg provides global solutions to meet those needs. For sell-side fixed income firms, Bloomberg Trade Order Management Solutions (TOMS) 1 delivers global, multi-asset solutions for front-end inventory, trading and middle and back office operations. TOMS enables you to manage inventory, market making, intraday risk and compliance, P&L and end-of-day close in a fully customizable workflow. With TOMS, you can optimize your workflow, increase global distribution to markets, manage risk and compliance and improve operational efficiency. TOMS WORKFLOW 1 2010, 2011 and 2012 Waters Rankings Winner, Best Sell-Side OMS Provider
OPTIMIZE YOUR WORKFLOW Bloomberg recognizes that traders, salespeople, middle office professionals and administrators all have very different needs. TOMS provides a single workspace customized for individual users to optimize your workflow. You have the flexibility to define and change display options based on their individual needs. TOMS also provides intuitive navigation, real-time monitoring and customizable-user reports. TOMS FOR TRADERS Build custom formulas, columns and alerts to display key data elements that are most critical to your workflow Create strategies and view historical performance Gain better transparency into P&L logic with more flexibility in P&L reporting TOMS FOR MIDDLE OFFICE Access a central blotter with trades, summary views and ticket-matching features Confirm and allocate customer block trades with post-trade processing tools Manage compliance and regulatory summary on a custom middle office dashboard TOMS FOR ADMIN Easily view and create trading inventories, sales blotters and user privileging with an intuitive administrative set-up wizard, books, users and hierarchies with the consolidation of 160 TOMS administrative applications TOMS FOR SALES Create trade ideas and strategies and shop them to customers View real-time and historical commission reports Search custom inventory Receive corporate action alerts on customer portfolios BLOOMBERG TRADING SOLUTIONS 08 // 09
CONNECT TO EXCHANGES AND DIVERSE LIQUIDITY POOLS INCREASE GLOBAL DISTRIBUTION TO MARKETS With TOMS, you can capitalize on the largest network of buy-side and sell-side investors, including your customers who already rely on the Bloomberg Professional service. Use advanced-pricing tools to generate and distribute quotes to the global markets, many already pre-integrated into TOMS. Access the TOMS Pricing Engine, which supports a wide range of asset classes and pricing models and is supported by a customizable-user interface Create auto-routing rules and manage inquiries on a consolidated order management blotter or configurable trader pop-up Leverage the Bloomberg Fixed Income Trading platforms to ensure a seamless workflow for electronic and voice trades Connect to a variety of pre-integrated cash (D2D or D2C) markets and electronic trading platforms MANAGE RISK AND COMPLIANCE With the TOMS suite of analytics and reporting solutions, you can better manage market risk and compliance. TOMS provides a full range of solutions for managing market, credit and counterparty risk. It also supports regulatory and firm compliance requirements with reporting and real-time monitoring which show the status of all reportable trades, including automated reporting. Increase visibility throughout your firm with easy access to real-time P&L and sophisticated risk management tools and analytics, including an aggregate view of enterprise risk Run what if scenario analysis on trader inventory for better decision making Strengthen your oversight efforts to better manage counterparty risk, prevent trading errors and ensure users are abiding by firm-wide compliance policies Gain easy access to reporting for many global regulators, including TRACE, MSRB, LSE and others Capitalize on TOMS real-time monitoring capabilities to show the status of all reportable trades IMPROVE OPERATIONAL EFFICIENCY TOMS improves firm-wide operational efficiency through seamless workflow and pre-integration with the Bloomberg Professional service, electronic trading systems and post-trade matching facilities to achieve straight through processing. Integrate with third-party providers for best-of-breed solutions Automate trading system feeds, both inbound and outbound Execute your electronic trades faster and avoid double entry with pre-integration to TOMS On-board new users, access new asset classes and enter new markets quickly Aggregate orders and inquiries from sales desks and electronic trading platforms Automate the matching, confirmation and allocation process with the buy side
TRADING SOLUTIONS CONNECTIVITY & INTEGRATION (TSCI) GLOBAL SOLUTIONS THAT DELIVER OPEN CONNECTIVITY The technology stack for asset managers and broker dealers requires the fluid integration of multiple systems working in concert. The ability to seamlessly integrate these systems, minimize operational risk and lower total cost of ownership continues to be a challenge for the industry as a whole. The need for seamless integration has driven firms to look for open and extensible solutions. Bloomberg provides global solutions to meet those needs. BLOOMBERG TRADING SOLUTIONS CONNECTIVITY & INTEGRATION Bloomberg Trading Solutions Connectivity and Integration (TSCI) delivers open connectivity, technology products and integration services to create seamless workflows across different systems, minimize operational risk, lower your total cost of ownership and manage your overall enterprise needs. TSCI builds, implements and services open technology products to integrate Bloomberg Trading Solutions into our customers workflows, and with TSCI, clients can connect and integrate to any in-house or third-party application. We also work with you to meet your implementation timeframes using a simple or a phased implementation approach. TSCI project managers create clear and obtainable implementation objectives, identify all necessary project requirements and manage expectations in terms of time and scope of all projects. All work is performed pursuant the Statement of Work (SOW) which serves as the guideline for setting expectations and identifying basic deliverables. TSCI project managers are also Integration Specialists, which means they are experienced professionals in many integration areas, especially as they relate to Bloomberg data and data mechanisms. BLOOMBERG TRADING SOLUTIONS 10 // 11
ENSURE DATA SYNCHRONIZATION TSCI OFFERS THE FOLLOWING: Trading Solutions Application Development Framework The Trading Solutions Application Development Framework provides a programmatic interface that enables external systems to integrate with Bloomberg Trading Solutions in real time and ensure data synchronization between Bloomberg and external systems. In addition to standard request and response capabilities, the Trading Solutions Application Development Framework architecture is event-driven and will push positions, audit events, transaction and order updates to external applications. This enables firms to offload all of their data warehousing needs to Bloomberg, while accessing and integrating to this data as needed. BLOOMBERG TRADING SOLUTIONS APPLICATION DEVELOPMENT FRAMEWORK 12 // 13 BLOOMBERG TRADING SOLUTIONS
Gateway Pro Hosted and managed middleware that is only available to clients that have licensed a Gateway Integration Package. The Gateway Pro was built with performance, scalability, fault tolerance and extensibility in mind. It includes a visually-based editor to allow operational resources to develop and maintain complex data transformations across all integrated systems, pre-loaded transformation capabilities with over 115 data enrichment operations, a Javascript editor for developers who want the power of a robust scripting engine and drop-in XSLT capabilities for the XML architect. This offering combines these transformation capabilities for both outbound and inbound data integration with advanced connectivity options to databases, FIX and SWIFT engines, file delivery mechanisms, XML message queues and Web Services. It also provides a catalogued library of certified interfaces to a variety of third-party systems. BLOOMBERG TRADING SOLUTIONS Real-time Trades, Positions, Security Information Certified Third-Party Interfaces Pre-integrated solutions between Bloomberg and a growing library of third-party systems provide clients with seamless implementations and production rollouts. To facilitate these types of interfaces with third-party systems, Bloomberg continually works with selected vendors to develop joint interfaces and evolve them as new asset classes and upgraded features are released. With certified third-party interfaces, clients gain turnkey implementations, seamless upgrade paths and lowered ongoing maintenance. Workflow Adapters Through our workflow adapters, firms can easily integrate their external systems directly into their Bloomberg-based workflows and globally deploy them over the Bloomberg network to any user with access to a Bloomberg Professional service. As such, firms integrating external systems via workflow adapters are not only complementing their Bloomberg-based workflows with external systems, but also gaining access to Bloomberg s Global Connectivity for data, execution and pre to post-trade activities. GATEWAY PRO ROUTING/ TRANSFORMATION ENGINE MQ/FTP MQ/FTP CERTIFIED VENDOR HOSTED 3RD PARTY SYSTEM CLIENT HOSTED 3RD PARTY SYSTEM
/ / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / Bloomberg Trading Solutions not only helps address the needs you have today, but also prepares you for those to come. To learn more, email bloombergoms@bloomberg.net / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / BEIJING +86 10 6649 7500 DUBAI +971 4 364 1000 FRANKFURT +49 69 9204 1210 HONG KONG +852 2977 6000 LONDON +44 20 7330 7500 MUMBAI +91 22 6120 3600 NEW YORK +1 212 318 2000 SAN FRANCISCO +1 415 912 2960 SÃO PAULO +55 11 3048 4500 SINGAPORE +65 6212 1000 SYDNEY +61 2 9777 8600 TOKYO +81 3 3201 8900 2013 Bloomberg L.P. All rights reserved. 51446673 0113