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Bloomberg debuts liquidity capture service for US equities

Bloomberg, a US media house mainly active in financial news and data gathering, has launched its US equity pool as part of a new service called Bloomberg Pool, or BPool.

The newly floated offering has been developed in collaboration with BIDS Trading, which facilitates traders to discuss with liquidity present on Bloomberg’s equities trading platforms and BIDS Trading’s alternative trading system (ATS), which acts as BPool’s order matching engine, claims Bloomberg.

BIDS Trading has deployed the broker-sponsored access model, which is shared by BPool, thus empowering buy-side traders to fully allocate commission dollars to the broker of their choice and pay for brokerage services, such as research, BIDS Trading said.

Acting as a consolidated module of the trading tools with Bloomberg’s order and execution management platforms, BPool offers traders the option to interact with centralized liquidity and configurable orders to help automate and optimize liquidity capture.

Further, from order-entry to execution, traders can monitor and control orders sent to BPool.

BIDS Trading’s ATS was set up by the US brokerage firms in 2006 to provide an alternative, dynamic electronic marketplace for the US equity block trading.

BIDS Trading and Bloomberg have made an equity investment in BIDS, joining a consortium of over a dozen financial services firms, under the terms of the agreement.

BPool technology has been developed in conjunction with Bloomberg’s EMSX and SSEOMS product teams, while the decision engine has been developed and operated by Bloomberg Tradebook, a US registered broker-dealer and member of FINRA.