[ S U R V E Y | E X E C U T I O N M A N A G E M E N T S Y S T E M S ]
Bloomberg
With the announcement still fresh from last year that Bloomberg plans to withdraw its sell-side execution and order management solutions ( SSEOMS ) and pull out of the equities OMS market , there has been more attention on the data giant ’ s EMS solution . In terms of its performance in this year ’ s EMS survey the vendor is heading in the right direction , even if scores this year fall below the survey average .
Bloomberg EMSX increased its overall average in this year ’ s survey to 5.37 , up from 5.29 in last year ’ s edition . While this is certainly an improvement , the score falls below the 2020 survey average of 5.82 . As in 2019 , Bloomberg recorded its highest score in this year ’ s survey in the reliability and availability category ( 6.08 ), which was the only aspect of service analysed in which EMSX recorded a score higher than 6.00 , a yardstick to recognise where a vendor has performed particularly well by exceeding certain expectations .
Bloomberg ’ s most improved year-on-year score was in the ease of use category ( up 0.28 ) and year-on-year increases were recorded in ten functional categories , painting a positive picture for the firm overall . The firm recorded its worst year-on-year score in the handling of new versions / releases and FIX capabilities category , which both declined by 0.07 . However , it should not take too much effort to turn this around for future surveys .
Meanwhile , Bloomberg ranked below the category average across all aspects of service analysed and received scores of below 5.00 ( Good ) in two categories , indicating adequate but nonetheless below average performance : client service personnel ( 4.88 ) a worrying -1.00 below the category average and product development ( 4.56 ), -0.8 below the category average . While the results of this year ’ s survey reveal many positive developments , there are still a number of areas in which Bloomberg will need to focus hard on to improve its EMSX offering .
BLOOMBERG RATINGS FOR EMS PERFORMANCE
|
Reliability and
availability
|
Latency |
Client service
personnel
|
Ease-ofuse |
Handling of new
versions / releases
|
Breadth of broker
algorithms
|
Timeliness of updates
for broker changes
|
FIX capabilities |
6.08 5.74 4.88 5.29 5.17 5.68 5.34 5.68
|
Breadth of asset class
coverage
|
Breadth of direct
connections to venues
|
Product
development
|
Ease of integration to
internal systems
|
Overall cost of operation |
Average score |
5.53 5.45 4.56 5.04 5.34 5.37
KEY STATS |
|
|
|
6.08 |
4.56 |
+ 0.28 |
-0.07 |
Highest score ( reliability and availability ) |
Lowest score ( product development ) |
Most improved ( ease of use ) |
Least improved ( handling of new versions / releases & FIX capabilities ) |
|
|
|
Issue 65 // thetradenews . com // 73 |