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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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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