Bloomberg Tradebook Automates Global Portfolio Trading

Global agency broker Bloomberg Tradebook has launched a new portfolio trading solution called Portfolio Algorithm. The firm touts the product, aimed at buy-side traders, as the "first algorithm to fully automate global equity portfolio trading."

Portfolio Algorithm taps into data and analytics provided by the Bloomberg Professional service for real-time currency rate changes to maintain dollar neutrality and allows the trader to control urgency and aggression levels for when the algorithm seeks

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