BLOOMBERG FOR EXECUTION MANAGEMENT

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Bloomberg for Ex ecution M anagem ent

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EMSX

FIXNET

BTCA

BLOOMBERG FOR EXECUTION MANAGEMENT

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EMSX CONTACT DETAIL

»

Janos Renz-Hotz

• [email protected]

• +44 (0) 207 673 2057

• +44 (0) 782 725 4400

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Help Help<go> from within EMSX in your Bloomberg

»

BEMS<go> and TCAI<go> in your Bloomberg

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AGENDA

» Introduction to the Bloomberg EMS Group

» Glox Integration

» Products

• Electronic Trading - EMSX

• Pre- RT- and Post- Trade Analysis - EMSX

• FIX Network with analytics – FIXnet

• Transaction Cost Analysis – BTCA

» Conclusion

• Recap

• Q&A

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IINTRODUCTION

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INTRODUCTION - BLOOMBERG FOR

EXECUTION MANAGEMENT

» Our Clients

• > 11,000 Users Globally, 4,700 Users in Europe alone

• 950 Firms in Europe use EMSX for Equities, 250 for Futures & Options

• 200+ clients for BTCA

» Dedicated Client Support

• 20 EMSX/BTCA Account Managers EMEA

• 24 Hour Global EMSX Trade Desk Support

• Dedicated Project Management Team for EMSX, FIXnet & BTCA

» Unique to Bloomberg

• Integrated with Bloomberg Data, Graphs, News, Analytics & LaunchPad

• Broker Neutral Execution: Free to both Buy side AND Sell side

• Unique FIX Network of +2000 Brokers already connected to EMSX

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INTRODUCTION - BLOOMBERG FOR

EXECUTION MANAGEMENT

» Access to Liquidity

• Largest Broker Network (+2000 Brokers of which 180 Brokers for Futures and

Options)

• DMA, SORs, Care Orders, Algos, RFQs, Dark, MTFs

• Largest & most used IOI network with advanced IOIs and Live IOIs

» Asset Coverage

• Listed Equities and ETFs (also with RFQ for ETFs)

• Listed Futures & Listed Spreads (also with RFQ for Futures in Q4)

• Listed Options (also with RFQ for Options)

• Plus Listed and OTC FI for FIXnet

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INTRODUCTION - BLOOMBERG FOR

EXECUTION MANAGEMENT

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0% 20% 40% 60% 80% 100% 0 1 2 3 4 5 6 7 2006 2007 2009 2008 2010 2011

Avg # of EMS’s on the desktop

vs Bloomberg EMSX growth %

Source: Tabb Group & Bloomberg

“The Bloomberg EMS, ... , is often cited for its advantage from a workflow standpoint, extensive

data aggregation and analytics capabilities and reach across the market ... there is no explicit or

implicit charge for the EMS.”

“Amongst the EMSs, Bloomberg shows strongly for both asset managers and hedge funds. Although there is no extra charging structure for the EMS functions beyond the terminal fee

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IGLOX

INTEGRATION

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INTEGRATED TO YOUR WORKFLOW

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GLOX OMS BBG Network EMSX Execution Cash Broker DMA Broker Algo Broker Darkpools FIXnet Echo of Orders BTCA Order Data

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EMSX

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EMSX – THE LARGEST EMS IN THE

INDUSTRY

» EMSX

• “Best of Breed” Multi-asset EMS

• Cash, Algo, DMA, Baskets, all on one platform/blotter

• Pre-, Real Time and Post Trade TCA

• Largest Broker network in the world

• Integrate IOI and all the leading Bloomberg market data

• Cutting Edge Analytics

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EMSX – THE LARGEST EMS IN THE

INDUSTRY

» Non-Committed Liquidity in EMSX as an RFQ tool

• Multi Bank RFQs to trade with the best market maker and maintain Best Execution

• Simple Workflow, and fully integrated

• Strategy Creation, for complex option trades

• Faster Execution, quicker and more efficient price discovery

• Available for ETFs and Options (Futures Q4)

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EMSX – NOW ALSO AS AN ANALYTICAL

TOOL

» EMSX

• Also as a stand alone analytical tool

• Integrate third party trading data to EMSX via FIXnet

• Real time TCA and market colour

• Enrich your trading with Bloomberg market data – IOI, News, Corporate Actions, Venue Analysis etc.

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EMSX – INDUSTRY LEADING ADVANCED

ANALYTICS

» EMSX

• A variety of Basket Trading Analytics

• Volume Analysis, including advanced Projected Volume Models

• Impact Cost Analytics, including advanced Impact Models

• Momentum, Complexity and Deviation Models

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FIXNET

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FIXNET – FIX CONNECTIVITY WITH

INTEGRATED ANALYTICS

» FIXnet

• Same infrastructure that runs our Terminal

• Largest and most secure private network in the world

• Feeds EMSX with trade data as a stand alone analytical tool

• Handles millions of FIX messages per day with thousands of FIX sessions

• We run our business on FIXNet, for example:

– EMSX with:

– 12,000 Active Users Globally

– 650 Firms in EMEA

– Billions of USD Traded Daily

• FIXNet History: Accessible solely via Bloomberg Trading Systems

• FIXNet Today: 2012 Bloomberg opens FIXNet to 3rd party systems to service the buy/sell side

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FIXNET – FIX CONNECTIVITY WITH

INTEGRATED ANALYTICS

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FIXNet real-time intra-trade analytics

Launchpad analytics linked to FIXNet Dashboard

Bloomberg FIXNet offers the

Order sender Advanced Order Analytics for every order sent from a non

Bloomberg system over our network

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BTCA

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BTCA – TRANSACTION COST ANALYSIS

» BTCA

• Industry leading TCA Platform

• 100+ Benchmarks for Relative or Absolute Comparison

• Integrate essential factors such as Leakage, Volatility and Momentum

• Fully integrated into EMSX, FIXnet and any Third Party System

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BTCA – TRANSACTION COST ANALYSIS

» BTCA

• Exception Based Reporting

• Visualisations tools to display the data interactively

• Unlimited Reports – Measured per Parent Order

• Buy and Sell Side Model – also for Client Distribution

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BTCA – TRANSACTION COST ANALYSIS

» BTCA

• Data is distributed also externally of the Bloomberg Ecosystem

• Flexible Scheduling and Automatic Report Delivery

• eConsulting for High Level, Global MIS/CIO report types

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CONCLUSION

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BLOOMBERG FOR EXECUTION

MANAGEMENT

» Recap

• EMSX: Largest buy-side community of users in the world

• Fully integrated with GLOX

• 2,000+ broker destinations / most secure private network in the world

• Broker neutral & multi asset

• Consolidated order driven market data, analytics and news

• Advanced order analytics (pre/active/post trade)

• Industry leading TCA platform

• Fully customisable platform to suit your trading needs

• Dedicated experienced partner offering 24/7 support

» Q&A