Bloomberg has announced the launch of ETF list trading via its ETF Request for Quote service (RFQe), writing that it expands existing functionality that enables clients to trade multiple securities with a single click.
The firm writes that the new offering is fully integrated with Bloomberg’s equities execution management system (EMSX), providing seamless integration into existing client workflows with Bloomberg’s broader infrastructure and suite of trading solutions.
Bloomberg writes that RFQe is designed to provide clients with superior pricing and liquidity across multi-asset ETFs with more than 100 liquidity providers. The firm says that utilising Bloomberg’s industry leading price transparency tools, clients can compare quotes from multiple sources to ensure they are trading at the best available price. Clients are also able to minimise information leakage by opting for a two-way quote, the firm explains.
“Innovative solutions like list trading via RFQe help us optimise trading as we continue to grow and evolve our business,” says Maria Barreira, Global Head of Execution at Indosuez Wealth Management. “The new RFQe list functionality is now part of our regular workflow as it enables us to trade many instruments at once. It increases the speed and efficiency of our execution and improves client experience. This is especially important during periods of increased market volatility, such as those we’ve experienced recently. At Indosuez Wealth Management, we are proud to be one of the first banks in Europe to use this new functionality.”
“The ability to trade multiple ETFs in one ticket and in a single click minimises the time to trade, reduces system latency, and improves trading efficiency across the trading desk,” says Michael Miles, Manager, TD Ameritrade Block Desk. “Optimising workflows by the introduction of tools like list trading supports our focus on remaining competitive in a dynamic market.”
“Enhancing the RFQe workflow to include list trading via BOLT brings greater efficiency to ETF trading on Bloomberg,” says Paul Kaplan, Global Head of Equities, Credit, and Price Transparency at Bloomberg. “We provide clients with access to deep liquidity and a holistic ETF solution that is fully integrated with other Bloomberg solutions across news, data, pre- and post-trade data analysis, and communication tools. We’re focused on continuing to deliver solutions that enrich workflows and the overall trading experience.”