Waters Rankings 2014: Best Sell-Side OMS Provider — Bloomberg

In an era when risk management is taking on greater significance, TOMS has separated itself by continuously enhancing its analytics tools, while also providing an aggregated view of enterprise-wide risk. It also monitors and tracks the status of all reportable trades in real time.

In February, Bloomberg expanded its electronic trading capabilities by unveiling the Electronic Trade Order Management Solutions (ETOMS), a managed service used by US regional broker-dealers to access and engage fixed-income electronic markets as both liquidity providers and liquidity takers. Broker-dealers use Bloomberg TOMS and ETOMS to aggregate liquidity in the fixed-income market and to manage their electronic order flow, inventory, and risk exposure more efficiently, according to an end-user quoted in a press release after the solution was unveiled. ETOMS is designed to be used in conjunction with TOMS to manage voice and electronic order flow and to consolidate trade reporting to regulatory systems, such as the Financial Industry Regulatory Authority’s (Finra’s) Trade Reporting and Compliance Engine (Trace). At its launch, ETOMS offered connectivity to 15 electronic trading venues in the US.

In July, Bloomberg acquired low-latency connectivity and trading support provider RTS RealTIME Systems to expand its global network of datacenters. Bloomberg president and CEO Dan Doctoroff noted that RTS should complement Bloomberg’s existing analytics and order management capabilities “perfectly.”