Bloomberg adds Onetick CEP engine to Professional service
A complex event processing engine from tick data and analytics specialist OneMarketData has been integrated into Bloomberg’s execution management system has begun using to support its intra-day trading analytics.
CEP systems analyse real-time data from multiple sources to find opportunities that can be acted upon. US-based OneMarketdata focuses on using CEP to help drive better trading performance.
The Onetick engine provides real-time venue analytics, intra-day market impact analytics and liquidity signal indicators. These abilities can now be accessed by anyone who has a subscription to the Bloomberg Professional service, which provides data, news and analytics. According to Bloomberg, that means 13,000 buy and sell-side institutional investors, across equities, options and futures.
“It’s vital for firms to quickly identify and act on trading opportunities to thrive in today’s market,” said Richard Chmiel, senior vice president at OneMarketData. “To do this they need smarter analytics to develop more informed trading strategies as well as tools to measure their performance. With OneTick CEP engine and our database, Bloomberg users can take advantage of both real-time and historical data to shape advanced trading strategies, as well as perform customised transaction cost analysis on trade executions.ʺ
In October, Bloomberg launched an information service called First Word Foreign Exchange, designed to give FX traders ‘actionable’ news insight that they can quickly process and feed into their trading decisions. The new service offers 24-hour coverage of economic, geopolitical, currency-specific news. The idea is not to provide conventional news stories, but something closer to a series of bullet points that distil the most important information into bite size chunks. The service is staffed by traders, former portfolio managers and other experts.