Data Access allows current BTCA customers to input complex queries to refine data for several use cases including trend analysis of broker and trader performance and integrating with data visualisation tools to generate actionable insights.Â
By Global FinTech Series News DeskÂ
Bloomberg announced the release of Data Access, an extension of Bloomberg’s Transaction Cost Analysis solution (BTCA), which enables clients to access data more easily through an API. The new functionality allows customers to bring together trading data with Bloomberg Data License’s (DL) high quality, market-leading reference and pricing data to design and build bespoke data solutions on top of the BTCA framework rapidly using general-purpose programming languages such as Python.
Data Access allows current BTCA customers to input complex queries to refine data for several use cases including trend analysis of broker and trader performance and integrating with data visualisation tools to generate actionable insights. The combined datasets provide clients comprehensive content for reporting and decision making. This includes trade data, which encompasses the full spectrum of a lifecycle data such as order characteristics. Additionally, benchmark data provides the results of all benchmark calculations and context data that shows grouping for the executed trades.Â
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“We are focused on the continued enhancement of our solutions as clients’ trading needs are constantly evolving with the markets,” said Ravi Sawhney, Global head of Trade Automation & Analytics at Bloomberg. “BTCA allows clients to analyse and monitor trading performance and provides them with tools to create customised reports using a range of factors, including peer benchmarks. The ability to use a broader range of data as they evaluate their transactions helps expand trading insights make better informed decisions to improve performance.”
“Data is a significant driver of TCA adoption, and increased workflow electronification enables clients to benefit from a broader range of datasets,” said Audrey Blater, Senior Analyst for Coalition Greenwich Market Structure and Technology. “Our research shows that the buy-side continue to adopt TCA tools, and as client needs advance, systems providers are responding by continuously investing in their TCA solutions and offering enhanced features.”
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