ESP’s Global Direct Market Access Network is now accessible on the Bloomberg terminal via Bloomberg’s Algorithmic Trading function at ALBR and Bloomberg’s Electronic Equity Marketplace at EET.
In addition, a selection of thirteen algorithmic strategies is offered through ESP’s Electronic Algorithm Routing Network (EARN) on the Bloomberg terminal, which is also known as the Bloomberg Professional service.
“Now with simple permissioning by ESP on the Bloomberg terminal, institutional users in 126 countries can immediately begin to benefit from rapid electronic execution at lower costs through ESP’s Global Direct Market Access Network,” according to Gideon Lang-Laddie, managing director of Electronic Specialist LLC.
Using the Bloomberg Electronic Equity Marketplace customers will be able to utilize a wide range algorithms that ESP provides on an agency basis. These include: INLINE, PREDICT, MANAGE, STAGE, GETPX, PVOL, OPTPX, PRIORITY, ALPHA and MOC as well as VWAP, TWAP and GWAP. Trades can be entered electronically across all strategies, while offering a single clearing counterparty for delivering net-settled trades.