Financial
Products
Overview
Bloomberg Financial Products bring transparency to financial markets. This isn’t an idle boast. Through better, faster access to information, we help clients increase capital flows and spur economic growth.
Financial Products provides our core solution: the Bloomberg Professional® service. Serving clients in 95 languages and providing support in more than 160 countries, this legendary desktop product helps clients benefit from more informed decisions.
In addition to the Bloomberg Professional® network, we offer premium solutions on and off Bloomberg platforms—including Trading Solutions, Tradebook®, Bloomberg ALPHA, Enterprise Solutions and more.
We deliver the analysis, data and insights that empower our clients to move markets. We play a pivotal role in Bloomberg, reaching more than 300,000 subscribers and millions of business professionals.
Financial Products Overview:
- The Bloomberg Professional® service is the world’s largest financial information network, representing Bloomberg’s core business.
- Bloomberg Tradebook® is a global agency broker providing direct market access, execution consulting and analytics to institutional traders.
- Bloomberg Trading Solutions are Bloomberg’s major order management system products, providing market insights for both the buy and sell sides.
- Bloomberg ALPHA is a portfolio analytics solution that gives clients the ability to identify benchmarks, performance, risk and areas of opportunity.
- Bloomberg Enterprise Solutions puts Bloomberg to work for your company through custom technology solutions, in your environment.
Explore more resources related to Bloomberg Enterprise Solutions.
Case Study: BVAULT
Year after year, the most highly trafficked Bloomberg Professional® function was email messaging. Around 320,000 financial professionals use Bloomberg email, many as their only email source. In addition, more than 120 million MSG messages are exchanged daily on our networks.
Bloomberg Vault (BVAULT) capitalizes on this 17-year track record in e-messaging and compliance. Through BVAULT, we leverage storage and access capabilities to help financial firms meet regulatory and eDiscovery requirements—all while reducing costs.
Seizing Opportunity
Initially a value-added service, BVAULT is anticipated to be a multimillion-dollar business. It may seem like a no brainer: millions of emails classically went through Bloomberg—all in compliance with regulatory bodies and liked by major firms.
Asking Questions
It took a Bloomberg Product Manager to ask the question: why don’t we also offer to archive corporate email? Why don’t we intake the corporate email, make sure it’s compliant and charge per email address and gigabyte of storage?
Making It Count
BVAULT is the first solution that integrates Bloomberg's proven tools for real-time message monitoring and archiving with a broad range of corporate messaging content. Clients use BVAULT to both monitor and store corporate and messaging content on Bloomberg's secure servers.
Business – Core Terminal
Core Terminal delivers the foundational product of Bloomberg: our "terminal" desktop. The Bloomberg Professional® terminal serves more than 300,000 paid subscribers and generates the majority of company revenue.
In addition, the Bloomberg Professional® terminal currently offers thousands of different functions. Through the terminal, Bloomberg has become the most trusted source of financial and business information worldwide.
It’s a massive stream of data, news and insights. The terminal provides all the communications, charts, liquidity, functionalities and execution services our clients need to put knowledge into action.
Here’s a glimpse of the detail:
- 125 million Bloomberg messages received per day
- 4.6 million fixed-income securities
- 750 million FX ticks
- 100,000 energy assets
- 4,100 yield curves
Business – Sales
Some of the most influential clients in the world rely on Bloomberg, making our Sales role like no other. Sales at Bloomberg is defined by the challenge, opportunity and reward of client relationships. We’re proud to maintain one of the most competitive sales forces in any industry.
Sales reps serve as both "point" people and primary contacts between clients and Bloomberg. On the ground and in every location, Sales professionals proactively sell and support solutions—understanding both the client business and our capabilities comprehensively.
On average, three new functions launch on the Bloomberg Professional® service daily. Those are three new products for our Sales professionals to master. Company-wide, we spend extensive time ramping up the Sales force to publicize new capabilities. Our businesses look to Sales as their most valuable marketing asset. In fact, nearly all Bloomberg product launches depend upon the efficacy of Sales.
The responsibility is palpable, and transparency is key. We document every client touch-base, sale and inquiry—making it all available on the Bloomberg network.
Who thrives here? Professionals with market knowledge built over lasting market careers. People passionately in love with sales—to the point where making connections is as important as financial reward.
Our salespeople are tuned into clients, knowing not only how market professionals carry out daily activities but also why. We sell directly to the client’s workflow; we frame functionality as streamlined solutions to meet specific needs.
Business – Core Product
Core Product Managers are stakeholders for a major asset class at Bloomberg—one of the twelve yellow keys dominating the keyboard on the Bloomberg Professional® service. Together with R&D;, Core Product Managers enhance and maximize use of functions for a given asset.
Putting it into practice, if you’re Core Product Manager for equities, your responsibility is making sure that equities functionality receives maximum traffic. In addition, you’re developing equity products and tracking Bloomberg sales attributed to equities.
Core Product is considered by many to be the pinnacle of Financial Products—primarily because Product Managers brainstorm, build and lead the actual solutions that clients use to move markets. Product Managers receive untold client and company exposure.
In essence, Core Product Managers may determine what R&D; is going to develop, what Sales is going to sell and what Analytics will support. That makes Core Product Managers major drivers for adding value to the Bloomberg Professional® service.
What sets this business apart? The Bloomberg Professional® service has one of the most proficient moneymaking models in any industry. Clients more than rely upon it—they require it. If service is interrupted, markets are affected.
Who thrives here? People who not only understand markets but also know how to build initiatives. The ability to write a business plan is critical, as is the ability to sell internally and secure funding. It’s a unique role in one of the most unconventional business environments.
Business – Tradebook
Tradebook® is Bloomberg’s leading global agency broker, providing direct market access alongside the full breadth of trading algorithms and analytics. Tradebook® solutions provide not only the electronic trade execution but also the tools to execute trades with maximum alpha. We offer multi-asset, multi-currency trading capabilities, actively managing trading strategies in more than 60 global markets.
Worldwide, our professionals are passionate about investing in our clients. It’s more than just offering the right technology with the right data and analysis. Transformational leadership is driving Tradebook® solutions into the client bulge bracket.
We’re fundamentally redesigning our products to serve Portfolio Managers and perform execution consulting. New solutions integrate Tradebook® into the client’s workflow, offering a high-touch service at a low cost. This new alignment empowers us to provide insights mid-trade and take accountability for the results. Our ultimate vision: to become the liquidity venue of choice by lowering the frictional cost of trading.
A comprehensive Training Process is bringing Tradebook® professionals online for every step in execution consulting. Everything from placing the order to analyzing the order to listening to executing is accredited through the course.
Who thrives at Tradebook® ? Energetic, passionate visionaries who aren’t afraid of responsibility. Relationship builders, not sales agents. We’re selling high-touch solutions, rather than off-the-shelf products.
Tradebook® featured in the press: Ray Tierney on Execution Consulting.
Business – Trading Solutions
Bloomberg Trading Solutions connects people to the most extensive financial community in the world—hosted securely and fully integrated with the Bloomberg Professional® network.
Our global team of 550+ delivers data, analysis and customer service worldwide—at broad and local market levels. Through Trading Solutions, clients leverage insights to make better trading decisions, responding to market changes and innovations and lowering the total cost of ownership.
Trading Solutions encompasses all of Bloomberg’s legendary Order Management Systems (OMS)—value-added businesses that not only built Bloomberg but also continue to be major sales drivers. For example, our TOMS (Trade Order Management System) product is not only the longest-standing Bloomberg product, it also continues to be groundbreaking. In 2010, Waters Ranking listed Bloomberg TOMS as the "Best Sell-Side OMS Provider."
Trading Solutions are primarily designed to offer detailed risk assessments and analysis, providing consultation that helps traders make smarter, more informed moves. Instead of an Analytics ADSK, we have an equivalent TRADE DESK to answer questions instantaneously.
What surprises most clients is the robustness and diversity of our systems, comprising two major Buy-Side and two major Sell-Side products. On the Buy-Side, we offer AIM and EMSX. AIM stands for Asset and Investment Manager, and EMSX stands for Electronic Management System. On the Sell-Side, we offer TOMS and SSEOMS. TOMS stands for Trade Order Management System, and SSEOMS stands for Sell-Side Execution & Order Management System.
Who thrives here? People with persistence and market experience. Whether it’s solving a technical problem or answering a business inquiry, it’s about having the tenacity to resolve challenges at the speed of the trade floor.
Trading Solutions Products:
- TOMS (Trade Order Management Systems) – multi-asset workflow solution providing tools for trade capture, inventory, risk management and more for fixed income securities.
- Sell-Side Execution & Order Management System (SSEOMS) – customizable market-access suite providing connectivity to exchanges and access to broker destinations for equities.
- Asset and Investment Manager (AIM) – builds on Bloomberg’s core data and analytics, offering hedge fund managers, institutional asset managers and proprietary trading desks a complete front-end package with market-leading solutions for fixed income and equities.
- Execution Management System (EMSX) – global, multi-asset execution management system that enables clients to improve trading performance. Sophisticated broker-neutral trading tool routes seamlessly to nearly 2,000 broker-dealer destinations (including more than 50 algorithmic suites) for fixed income and equities.
Business – ALPHA Portfolio
Bloomberg ALPHA is our groundbreaking portfolio analytics business, offering one cutting-edge platform for both performance and risk. ALPHA provides client Portfolio Managers, Analysts, Risk Managers and more with the tools they require to identify opportunities and measure accurately against benchmarks.
A recent start-up, ALPHA is known as an evolutionary product within Bloomberg. We leverage expertise across financial asset classes to deliver a true multi-asset product.
ALPHA is also unique in that it’s offered both on and off the Bloomberg Professional® network. Our core desktop product is available as a premium function. Our enterprise product taps into the IT infrastructure of our clients.
Where does it get revolutionary? ALPHA is taking risk models to new levels, creating new models to enhance the accuracy of risk evaluation. ALPHA thrives in a competitive landscape. Comparable products focus either on portfolio analytics or risk and either on equity or fixed income. Our solutions incorporate all four areas.
Who succeeds here? It takes an entrepreneurial mentality. We’re establishing best practices every day. Everybody has a voice, and ideas are more than expected—they’re demanded.
We have a reputation for attracting some of the brightest minds at Bloomberg. But there’s no room for egos—collaboration is everything. ALPHA must work closely with partner businesses, such as Global Data and R&D;, to source data for our asset classes and build the right functionality.
Business – Enterprise Solutions
Enterprise Solutions takes the core strength of Bloomberg and puts it to work for our clients. We leverage Bloomberg technology to build custom data solutions for Global 1000 organizations. Our solutions save large-volume clients millions by eliminating desktop terminal redundancies.
A recent start-up, Enterprise takes Bloomberg into the managed services arena. We harness newly tested and proven Bloomberg technologies to actively distribute and manage information. These solutions include storage, security, entitlement, hosting and more. For clients, Enterprise frees up critical resources currently utilized to manage technology in-house. This, in turn, lowers the cost of doing business.
Enterprise solutions are custom-designed and always backed by Bloomberg support. We offer no off-the-shelf products. Every solution must deploy in a unique environment, which requires consultation and strategic thought. No two Enterprise initiatives are the same. Consequently, the Enterprise sales cycle can extend three to six months, netting in with key client leadership from CIOs to CMOs to global directors.
Who thrives here? Hybrid consultants. Our business is a combination of finance, industry sector and technological consultancy. When you’re selling managed services, you’re selling solutions. Therefore, people who succeed in Enterprise are able to actively listen and build solutions to resolve challenges.
Potential Career Path
