>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

HOOSE
ISELY

EXECUTION MANAGEMENT
SOluTIONS

A Bloomberg Professional Service Offering

BEST
EXECUTION

//

GLOBAL, MULTI-ASSET, BROKERNEUTRAL TRADING SOLUTIONS

BLOOMBERG EXECUTION
MANAGEMENT SOLUTIONS
Whether you are on the buy-side or sell-side, you
need reliable real-time data, a powerful trading
platform and execution management tools to execute
your trading strategies. In a volatile market environment,
traders strive to achieve best execution across multiple
asset classes in global markets. Brokers want access
to liquidity, execution management and transaction
cost analysis tools. Bloomberg provides trading
solutions to meet those needs.

:::::::::::::::::::::::::::::::
Discover and access
liquidity in global,
listed markets.
:::::::::::::::::::::::::::::::

ACHIEVE BEST EXECUTION

Bloombergs Execution Management Solutions
(EMS) composed of the Execution Management
System (EMSX), Indications of Interest (IOIs)
and Trade Advertisements, and Transaction Cost
Analytics (BTCA) supplies the optimal blend of
data, integration, connectivity and ease of use to
achieve best execution. Optimize trading workflow,
increase global broker neutrality and connectivity,
and assess your trading performance.
These solutions address the constantly evolving
roles of buy-side and sell-side traders, combining
the wealth of Bloomberg content and analytics
with trading access, alerts and liquidity discovery.
From trading domestic equities with a broker across
town to trading with local banks in emerging and
frontier markets, it supports you in trading
instantaneously and with complete objectivity.

/////////////////////////////////

OPTIMIZE YOUR WORKFLOW

EMS optimizes workflow for your entire firm by
consolidating Bloomberg data, news and analytics
into a single workspace. Our integrated platform
gives you the ability to leverage a host of powerful
solutions that span the trading life cycle: import your
orders; analyze order liquidity and complexity; identify
a trading strategy and venue; execute, monitor, and
modify your orders throughout the trading day; and
assess execution quality in real time.
LOW COST OF OWNERSHIP
Bloomberg delivers these solutions on a hosted
platform for flexibility and scalability, because markets
evolve and your needs change. Youll no longer need
dedicated workstations or servers on your premises.
We take on the burden of keeping up with the costs
of development inherent with changing markets,
instruments and technologies, so you can lower
your total cost of ownership.

BLOOMBERG
EXECUTION
MANAGEMENT
SYSTEM (EMSX)
>>>>>>>>>>>>>>
MANAGE ORDERS, ASSESS LIQUIDITY AND
MONITOR TRADING PERFORMANCE
From a single, customizable workspace, you can
access pre-trade analytics to select and trade single
and basket orders from any OMS, choose the best
broker for your trading strategy with true broker
neutrality, route to the execution venue of your choice
and analyze execution performance across all venues
in real time. As a Bloomberg Professional service
subscriber, EMSX is included at no additional fee.

:::::::::::::::::::::::::::::::::::::::::
Manage equities, futures
and options trades from
the EMSX blotter.
:::::::::::::::::::::::::::::::::::::::::

ACCESS PRE-TRADE ANALYTICS

> View pre-trade data and charts to categorize trade
difficulty based on liquidity, volatility and market impact
> Utilize the Indications of Interest (IOI) tools and

RANK to choose the best brokers for equity orders

> Monitor multiple performance criteria and adjust

execution strategies in real time

> Classify and group orders in the blotter by side,

broker, country, sector, basket, exchange and more

ORDER ROUTING
> Communicate directly with your brokers in real time

through Instant Bloomberg

> Execute globally with more than 2,000 brokers and

banks, dark pools, ECNs, more than 50 algo-suites

and other venues directly from EMSX
> Access the trading API from Microsoft Excel,

C++, C#, or Java to customize and automate

your trading strategies

ANALYZE PERFORMANCE
> Sort and filter orders on technical indicators and
multiple benchmarks, including arrival price and
custom VWAPs
> Export fills to proprietary systems or a prime broker

for post-trade processing

> Generate historical transaction cost analysis reports

against multiple benchmarks through Bloomberg

Transaction Cost Analysis (BTCA)

EXECUTION MANAGEMENT SOLUTIONs

03 // 04

BLOOMBERG
INDICATIONS OF
INTEREST AND TRADE
ADVERTISEMENT /////
SEARCH PRE-TRADE LIQUIDITY
Bloomberg Indications of Interest and Trade
Advertisement delivers a global, customizable platform
that enables you to achieve best execution. It provides
liquidity information, including intent-to-trade messages
and advertised trades.
With Bloomberg Indications of Interest and Trade
Advertisement, you have a single workspace to search
pre-trade liquidity for securities and view which brokers
have been the most active in certain securities.

ASSESS BROKER ACTIVITY

Bloomberg also provides an Advertised Trade Sentiment
indicator to quickly determine whether a broker is likely to
be a buyer or seller. Focus on the brokers who can trade
with you rather than against you.
As a Bloomberg Professional service subscriber,
Indications of Interest and Trade Advertisement is
included at no additional fee.

// Buy and sell IOIs are displayed separately from

advertised volume on the same screen
// Categorize IOIs by size and type
// Edit and filter IOI data by broker and routing options
via the IOI tab
// Download your data directly into Microsoft Excel
// Customize and save your workspace settings

Indications of Interest
IIA <GO>
Monitor IOIs and
advertisements in real
time with multiple filters.

All Indications and

Advertisements
IIRA <GO>
View current and historical IOIs
and advertisements for the
security you intend to trade.

EXECUTION MANAGEMENT SOLUTIONs

05 // 06

BLOOMBERG
RANK
//////////////////////////
Bloomberg RANK delivers a global broker ranking solution
to analyze which brokers provide the greatest liquidity,
where they rank against their peers and which brokers
provide the greatest liquidity in a corporations security.
Create customized searches and generate downloadable
reports. Based on Bloombergs extensive global market
coverage, RANK provides the most comprehensive
source of brokers advertised trade volume.
// Rank by security, sector or broker
// View by volume and value trade summary or volume
and value trade detail
// Choose a specific date or a range of dates
// Customize sell-side selection by investment bank,
trading firm or all firms

// Sort by total advertised volume traded, percent of

volume traded versus the exchange and number
of trades
// Choose on-demand reports or schedule reports
// Run a report against a single stock, list of stocks
or index
// Run customized reports imported from a Launchpad
monitor list or other Bloomberg customized lists
// Download reports into Microsoft Excel

Broker Dealer Rankings

RANK <GO>
See which brokers have traded
most in a market, sector,
index or custom security list
currently or over any period in
the last five years.

Interactive Charting
RANK <GO>
Chart trade volumes over time
across multiple brokers to spot
trends in market share.

EXECUTION MANAGEMENT SOLUTIONs

07 // 08

BLOOMBERG
TRANSACTION
COST ANALYSIS >>>>
Bloomberg Transaction Cost Analysis (BTCA) delivers interactive
pre- and post-trade analytics on a single, customizable
workspace to optimize your trading performance.
By combining your historical trading information with
Bloombergs comprehensive and transparent suite of
market data, BTCA recreates market conditions to allow
the measurement of trading performance by utilizing our
library of more than 100 relative or absolute benchmarks.
With BTCA, you get actionable content to integrate into
your decision-making process.
> Provide your own data for immediate access to
historical analysis and add to it over time to deliver
effective trend analysis
> Identify the best-performing trades, teams, regions
and algorithms

> Validate the efficiency of different strategies by

comparing their transaction costs to one another
over time
> Understand which trading strategies work best for
different types of orders by sorting by characteristics
such as size, market capitalization and country,
and the context of market conditions when they
were traded
> Assess and compare liquidity providers
> Access comprehensive and unbiased information,
quickly identify outliers and then drill down to core
Bloomberg functions for in-depth forensic analysis
With BTCA, assess transaction costs and broker/
trader performance to validate and refine your trading
strategies.

Customizable Reports
BTCA <GO>
Track whether natural
liquidity was available and
appropriately used.

Intraday Price Graph

IGPO <GO>
Use the TCA overlay to
visualize order/placement
intervals, arrival and average
execution prices and fill and
volume profiles.

Transaction Cost Analysis

BTCA <GO>
Use charting to visualize
performance for multiple
benchmarks and data items
over time for traders, brokers
and countries.

EXECUTION MANAGEMENT SOLUTIONs

09 // 10

//////

THE BLOOMBERG
FIX NETWORK ////////
REAL-TIME TRANSACTION COST ANALYSIS
AUTOMATE YOUR WORKFLOW
The Bloomberg FIX network eliminates the tedious
manual steps in your workflow by automating order
monitoring and providing market sentiment for the
securities that you are active in. The FIX network
facilitates liquidity sourcing with real-time IOIs
and advertisements.

NO-FEE TRADES FROM

BLOOMBERG APPLICATIONS
Take advantage of real-time TCA, Bloomberg core
analytics and integration with Bloomberg Launchpad
for the orders routed through Bloombergs network.
Orders originating from our applications incur no
charge to brokers and our setup puts the sell side
in control of the enablements process.

ACCESS TO AN EXTENSIVE NETWORK

Access our extensive broker routing network with
more than 1,300 brokers and 2,300 destinations
across the globe. Users of third-party and proprietary
order management and execution management
systems are now able to route directly to brokers
on the Bloomberg network.

//////
AUTOMATE YOUR ORDER PUBLISHING ON
BLOOMBERG WITH ANY TRADING PLATFORM

BLOOMBERG
ANALYTICS

OTHER
EMS / OMS

THE
BLOOMBERG
NETWORK

BLOOMBERG
ANALYTICS

BROKERS

BLOOMBERG
EMSX

Your trade data is automatically published

back to Bloomberg for use in our analytics,
regardless of your trade execution system.

EXECUTION MANAGEMENT SOLUTIONs

11 // 12

ONE
SOURCE

//////////////////////
MANAGE NEWS FLOW
Bloomberg provides the best and most timely coverage
of events that impact markets. Whether news breaks in
the middle of your working day or overnight, Bloomberg
alerts you and gives you immediate access to accurate,
verified reports from our experienced journalists and
other leading news organizations.
CUSTOMIZE YOUR VIEW
Take advantage of BLOOMBERG LAUNCHPAD,
the most powerful and flexible desktop workspace for
financial professionals. Arrange your workspace with
the information you care about most including market
monitors, news, charts and other analytics.
STAY CONNECTED
Communicate with colleagues and counterparties using
our chat application, INSTANT BLOOMBERG (IB).
Its fully compatible with Yahoo! Chat and AOLs AIM,
so theres no need to give up real estate on your desktop
for multiple pop-up boxes.
Like you, IB doesnt stop when you leave the office;
experience the power of Bloomberg anytime and
anywhere on your mobile device or any Internet-ready
PC. The Bloomberg mobile application enables you to
keep up with market news, get price quotes and track
your portfolio 24/7 worldwide.

DEPEND ON US
To ensure that the BLOOMBERG PROFESSIONAL
service becomes a seamless component in your
workflow, we offer an exceptionally deep level of
customer supportincluding an industry-leading
customer service team available 24/7.
These experts can teach you how to make using
Bloombergs ever-expanding information, analytics,
data and trading capabilities the most profitable part
of your working day.
GET AN EDGE
Since 1981, business and financial professionals have
depended on the BLOOMBERG PROFESSIONAL
service for the real-time data, news and analytics they
need to make the decisions that matter.
We provide the information and toolsin cash and
derivatives markets as diverse as equities, currencies,
commodities, money markets, government and municipal
securities, mortgages and indiceson a single platform.
We continually improve, update and expand our
offerings which are seamlessly integrated with ondemand multimedia content, extensive electronic trading
capabilities and a superior communications network
thus enabling you to work faster and smarter.

===========================================================

Real Service from Real People When You Need It.

Our 24/7 industry-leading customer service teams
in 160 countries around the world will help you fully
leverage the analytics and data on the BLOOMBERG
PROFESSIONAL service.
===========================================================

::::::::::::::::::::::::::::::::::::::::::::

TO LEARN MORE about what

Bloomberg Trading Solutions and

Execution Management Solutions
can do for you, e-mail our EMS
team at bems@bloomberg.net
::::::::::::::::::::::::::::::::::::::::::::

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