[ 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
Bloomberg’ s EMS offering supports a wide range of electronic workflow and connectivity to all major broker / dealers and global exchanges, offering clients full straight-through processing( STP) services. The platform is a true multi-asset EMS, offering a single trading hub with full integration into deep liquidity, advanced analytics, TCA, alerting capabilities, market news and automation. Bloomberg received 111 ratings from clients in this year’ s survey, ranking the vendor the highest amongst peers in terms of number of responses. Unlike other EMS providers in this survey, Bloomberg was able to maintain its position from last year, experiencing a very minor-0.01 dip in this overall score from the previous year at 5.44. Bloomberg’ s best category was reliability and availability with the highest score of 6.11, which saw a decline of-0.23 from last year. This was followed by latency( 5.88), breadth of broker algorithms( 5.80) and FIX capabilities( 5.66). Bloomberg showed strong improvement in several key functional areas with the most significant year-on-year increases being in the areas of breadth of broker algorithms(+ 0.33), timeliness of update for broker changes(+ 0.26) and handling of new versions / releases(+ 0.14). On the other hand, the least improved category was overall cost of operation, which experienced a decline of-0.39.
Clients responding to Bloomberg in this year’ s survey were distributed across all major regions, with the majority based in North America( 52 %) and Europe( 28 %). In addition, 41 % of clients responding to Bloomberg were from firms managing more than US $ 50 billion in AUM.
Sample feedback from respondents included the following:
• Offer traders real time liquidity management, scenario analysis and compliance checks in holistic view of managed portfolio
• Better processes in onboarding new accounts and sessions
• Workflow improvements to script and automate routing and access to liquidity
• Integrated pre-trade analytics that follows the life of the trade
• Enhance the API functionality and breadth of coverage
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 |
6.11 5.88 5.15 5.53 5.40 5.80 5.63 5.66
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 |
5.59 5.49 4.63 4.96 4.91 5.44
KEY STATS |
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6.11 |
4.63 |
+ 0.33 |
-0.39 |
Highest score( Reliability and availability) |
Lowest score( Product development) |
Most improved( Breadth of broker algorithms) |
Least improved( Overall cost of operation) |
68 // TheTRADE // Q3 2025 |
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