Bloomberg links fixed income trading platform to Linedata OMS
Bloomberg, the leading global provider of data, news and analytics, today announced that its Fixed Income Electronic Trading (FIET) is now linked directly to Linedata Services' global, multi-asset class order management system, LongView Trading.
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The direct link provides joint clients with seamless trade flow between the two systems.
Through LongView Trading, clients have a single seamless point of access to Bloomberg's advanced data, news and analytics and trading capabilities. Using a drag and drop feature within LongView Trading, clients' trades are sent to and displayed on the Bloomberg Execution Management System screen, where users can access Bloomberg's robust data to determine which dealer to trade with. Upon completion of a trade, the trade details automatically flow back into the user's LongView Trading system, thus improving the trade process by minimizing errors and increasing efficiency.
Russel Levi of Bloomberg explains, "The direct link from LongView Trading to Bloomberg FIET makes it possible for today's leading financial institutions to manage their portfolios, make trading decisions, record transactions and perform risk analysis from a single point. This provides another tool to help buy-side traders manage their fixed income portfolios from a single interface, the all-inclusive Bloomberg Professional service."
Gregg Drumma, Director of STP Development at Linedata Services, Inc., commented, "The link to Bloomberg provides LongView Trading clients with the ability to react quickly to market conditions, resulting in improved efficiency and increases performance. This brings us one step closer to making efficient, seamless execution and enhanced portfolio management a complete reality for our clients."