Bloomberg Upgrades Its Multi-Asset Automated Trading Offering

Bloomberg has introduced a range of new developments to its Rule Builder (RBLD) solution, aiming to strengthen client execution by improving the efficiency of rules-based trading. RBLD allows its users to create rules within the Bloomberg Terminal to automate actions on selected orders that are shared, modified, and enabled or disabled across a trading desk. Data showed that there is now almost five-times the amount of round-lot activity as more clients increase the size of the orders they automate using RBLD, according to Bloomberg. Recent enhancements to the service include: timed releases which permit users to automatically route orders; order rerun which allows clients to immediately re-submit a trade in the event the rules-based trade has not executed; and integrated economic data which enables clients to queue order to appear in a fixed income EMS (TSOX) during the rules-specified time period.