NEWS UPDATE
TECHNOLOGY
Bloomberg embeds agentic AI into the Terminal
New conversational AI interface- ASKB- aims to accelerate investment research and streamline trader workflows by integrating agentic AI directly into the Bloomberg Terminal.
Bloomberg has launched ASKB, a new conversational artificial intelligence interface for the Bloomberg Terminal, designed to help traders and investment professionals analyse markets, generate insights and act on information more quickly.
Currently in beta, ASKB allows users to query companies, markets and investment themes using natural language, drawing simultaneously from Bloomberg’ s structured datasets, news, research and analytics.
Specifically, ASKB will allow users to move away from traditional command-based navigation across multiple Terminal functions by allowing complex analytical queries to be completed through a single conversational interface.
According to Bloomberg, the system reduces friction in investment research by synthesising information from company filings, Bloomberg News coverage, sell-side research providers and proprietary analytics into consolidated responses with transparent source attribution.
The platform uses a coordinated network of AI agents operating in parallel to retrieve and analyse information across Bloomberg’ s content ecosystem. Built using a combination of commercial and open-weight large language models aligned with Bloomberg’ s Responsible AI principles, ASKB grounds responses in Bloomberg’ s proprietary datasets with transparent attribution to underlying research documents and news sources.
Where queries involve data analysis, the system generates the associated Bloomberg Query Language( BQL) code, allowing traders to extend outputs directly into Excel, BQuant Desktop or BQuant Enterprise for further modelling and workflow integration.
BUY-SIDE
Nuveen confirms blockbuster £ 10 billion Schroders acquisition
Upon completion of the deal – slated for Q4 2026 – the new entity will be one of largest active asset management firms globally, with almost $ 2.5 trillion of assets under management.
Nuveen is set to acquire Schroders in a cash deal valued at approximately £ 9.9 billion in a bid to“ meet institutional clients’ increasingly diverse needs”.
The agreed terms are for the entire issued and to-beissued share capital of Schroders, with the transaction expected to complete in Q4 2026.
Currently, Nuveen has $ 1.4 trillion in assets under management( AUM) while Schroders possesses $ 1.1 trillion AUM – together, the new entity will be one of largest active asset management firms globally and be active in more than 40 markets.
Nuveen has confirmed that for the first year, Schroders will continue to operate as a standalone business within the wider Nuveen group.
Additionally,“ in recognition of Schroders’ position as a preeminent financial institution with a deep-rooted history and strong brand,” Nuveen has stated that London is expected to serve as non-US headquarters for the combined group – made up of more than 3,100 individuals.
In an announcement, the firms jointly addressed the strategic rationale, explaining that the entities are wellmatched across public and private markets, and together are set to design new solutions, including capabilities across: equities, fixed income, multi-asset, infrastructure, private capital, real estate, and natural capital.
8 // TheTRADE // Q1 2026