Bloomberg Launches Pre-Trade TCA API to Bring Execution Analytics into Trading Workflows at Scale | LeapRate
Bloomberg has launched a multi-asset pre-trade transaction cost analysis API, enabling buy-side and sell-side firms to embed execution intelligence directly into their proprietary trading systems for the first time.
The company explained in a press release on Wednesday that Pre-Trade TCA API covers fixed income and equities and allows firms to programmatically access its pre-trade analytics at scale, extending execution insights across a broader range of order flow than has previously been practical.
Bloomberg said the product addresses a gap between the analytics available to traders and those that can realistically be incorporated into daily execution decisions, given operational constraints.
“By making these insights available through API, we’re enabling firms to bring execution intelligence directly into the trader’s cockpit to enhance execution outcomes with speed and consistency,” said Vlad Rashkovich, Global Head of Quantitative Trading Research and Analytics at Bloomberg.
Bloomberg said the API is built on 15 years of execution research and collaboration with hundreds of firms globally, and forms part of an expanding suite of trading and analytics APIs.
