Bloomberg Adds Exane BNP Paribas for Real-Time Algorithm Monitoring
Algorithm tool provides European equities traders with real-time feedback.
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Bloomberg has integrated access to Exane BNP Paribas’ Order Status Update tool via its execution management system (EMS) to provide European equities traders with real-time feedback on trading algorithms.
Trading algorithms provided by Exane BNP Paribas will deliver traders real-time alerts, covering dark pool venue posting, estimated start and end times for orders, and quantities of orders scheduled for the close, based on pre-determined signals and market conditions, directly to the EMS blotter using the Financial Information eXchange (FIX) protocol.
"Traders want greater transparency on how algorithms behave," says Palak Patel, global head of trading applications & connectivity for Bloomberg. "Incorporating this data into a real-time feedback loop received from algorithms enables traders to make more informed execution decisions. This transparency breaks new ground for the broker-neutral execution management system.
Last week Blooomberg was named Best Sell-Side Technology Provider of the Year at the Sell-Side Technology Awards.
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