Bloomberg Study Finds Automated Fixed Income Trading Boosts Performance | PR Newswire [Video]

, /PRNewswire/ — Bloomberg today announced the results of a study analyzing performance and execution costs for fixed income trades automated using Rule Builder (RBLD), Bloomberg’s multi-asset automated trading solution. The research found that trades utilizing RBLD consistently outperformed manual workflows, pricing 5% more tickets and executing up to 15% more tickets within the Composite Bloomberg Bond Trader (CBBT) spread, also called CBBT-side*. The study also found trades using RBLD receive fewer dealer rejections and a lower number of no quote trade requests.

Improved performance can be attributed to RBLD’s rapid response to market fluctuations and systematic approach to dealer selection and execution. A previous Bloomberg study found similar performance improvements when trade automation is applied to equity trades.

The study analyzed the performance of 5.7 million anonymized trades from Bloomberg’s electronic trading systems, of which 1.6 million were RBLD trades, from USD, EUR, and GBP sovereign and credit markets. For sovereign …