Bloomberg has launched a list trading service for exchange traded funds called the ETF Request for Quote (RFQe) which will help traders with pricing and liquidity across multiple securities with a single click. Â
The new offering, which has over 100 liquidity providers, is fully integrated with Bloomberg’s equities execution management system (EMSX).,
The company said it enables clients to compare quotes from multiple sources to ensure they are trading at the best available price. They are also able to minimise information leakage by opting for a two-way quote.
“Enhancing the RFQe workflow to include list trading via BOLT brings greater efficiency to ETF trading on Bloomberg,” said Paul Kaplan, global head of equities, credit, and price transparency at Bloomberg
He added,. “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.”
Maria Barreira, global head of execution at Indosuez Wealth Management, said, “Innovative solutions like list trading via RFQe help us optimise trading as we continue to grow and evolve our business.
She added, “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. ”
RFQe is part of Bloomberg’s comprehensive ETF suite of products that support the entire ETF lifecycle. The portfolio analytics enable clients to analyse positions, historical performance, and risk.
Real-time data feeds and evaluated pricing on Bloomberg help track intraday ETF pricing across the liquidity spectrum.
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