Bernstein Launches Pairs Trading Application on the Bloomberg App Portal

Bernstein's Pairs App works seamlessly with Bloomberg's execution management system, EMSX

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Oct 08, 2015, 08:45 ET

LONDON, Oct. 8, 2015 /PRNewswire/ -- Bernstein, the research and execution services arm of AB (AllianceBernstein), announced today that Bloomberg Professional service subscribers using Bloomberg's Execution Management System (EMSX) can now access its equity pair trading application via the Bloomberg App Portal at {APPS PAIR<GO>}.

The Bernstein Pairs App provides a flexible and customized pairs trading module for use across regular and merger arbitrage strategies embedded within a Bloomberg Launchpad monitor, so a trader's workflow is not disrupted.

Bernstein Pairs is now available in the Bloomberg App Portal

Toby Bayliss, Bernstein Head of Electronic Trading, Europe said, "We are delighted to provide the Pairs application via the Bloomberg App Portal. Entering pair trading strategies directly into an algorithm can be complex and carry a high level of risk. The Pairs App helps to remove the uncertainty of selecting the wrong parameters, a concern that historically led many traders to rely on manually routing pair strategies. The Bloomberg App Portal functionality provides the freedom to present our Pairs trading offering without the usual design constraints imposed when integrating an offering into a third-party execution management system."

Bernstein's Pairs App can chart multiple pair spreads highlighting when they would become active based on the algorithmic trading style selected. Orders entered in the application can be routed to the Bernstein Pairs trading algorithms with the confidence in knowing when the algorithm will be active in the market.

Don Carey, Bloomberg's Global Head of Research, Sales and Trading said, "Bloomberg continues to develop solutions that support our clients' trading needs. In parallel, we recognize brokers have their own bespoke solutions that they want to deliver through EMSX. Their applications complement existing tools that Bloomberg already offers and enable us to deliver more value to our combined customer base."

"Since its launch in 2012, the Bloomberg App Portal has matured to the point where today more than 80 apps built by clients and software developers now harness the power of Bloomberg's network and the depth of our community. Bernstein Pairs is a prime example of an app that both extends the capabilities of Bloomberg's own execution tools and also enables Bernstein to offer its customers sophisticated trading functionality without disrupting their workflow," said Vipul Nagrath, Chief Information Officer for Bloomberg's Enterprise Solutions business.

The Bloomberg App Portal gives Bloomberg subscribers instantaneous access to a diverse library of financial tools that can help them accomplish specific tasks, such as find block liquidity, value and price securities, visualize and analyze data or leverage new charting techniques. Contributed by Bloomberg, its clients and software developers from around the world, applications are reviewed and selected for the Bloomberg App Portal based on a variety of parameters, chief among them the ability for the application to add value to Bloomberg's existing feature set and information resources. Applications are licensed and operated from within the Bloomberg Professional service environment - without disrupting or interrupting workflow.

For more information about the Bernstein's Pairs App and to get set-up for access, please contact Thomas Briggs at [email protected].

For more information about the Bloomberg App Portal please visit www.bloomberg.com/enterprise/distribution/app-portal/ or contact Michael King at [email protected]

About Bloomberg

Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company's strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Professional service, which provides real time financial information to more than 325,000 subscribers globally. For more information, visit www.bloomberg.com.

About Bernstein

Bernstein is a market leader in providing best-in-class fundamental research and full service execution services to institutional clients globally. Bernstein is dedicated to maximizing client trading performance through the pursuit of trusted execution in sector trading, portfolio trading, algorithmic trading, direct market access and equity derivatives.

Bernstein is consistently among the most highly ranked independent sell-side research firms, according to industry surveys conducted by third-party organizations. Bernstein provides bottom-up coverage and portfolio strategies supported by sophisticated quantitative tools.

Bernstein is a wholly owned subsidiary of AllianceBernstein L.P. which is listed on the New York Stock Exchange.

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SOURCE Bloomberg