Bloomberg and Cignal TV to launch first 24-hour business news channel in the Philippines

Manila, March 25, 2015 — Bloomberg Television today announced a partnership with Cignal TV, Inc. (“Cignal TV”), a leading media company in the Philippines, to create Bloomberg Television Philippines. Cignal TV is a subsidiary of multi media conglomerate, Media Quest Holdings Inc, (“MediaQuest”), which in turn is wholly owned by the Beneficial Trust Fund of the Philippine Long Distance Telephone Company (“PLDT”), the largest telecommunications company in the Philippines.

Bloomberg Television Philippines is scheduled to launch in 2015.

“This partnership with Bloomberg Television heralds a new era in Philippine television, in which business information is set to be in the front and center of a rising Philippine economy,” said Manuel V. Pangilinan, Chairman of PLDT. “This also comes at the time when we are expecting to become the country’s biggest Pay-TV service provider with more than one million subscribers by the end of this year.”

Presented in English, this local extension of Bloomberg Television will expand the reach of Bloomberg’s fast, accurate and market-moving news to one of the fastest growing, English-speaking economies in the world. It will be distributed exclusively via Cignal Digital TV, the Philippine’s premier direct to home (“DTH”) satellite provider with around 844,000 subscribers. Cignal Digital TV currently has 97 channels, including 27 high-definition channels.

“The Philippines is fast becoming a premier broadcast destination because of its strong subscriber growth,” said Gary Groenheim, Commercial Director of Bloomberg Television, Asia-Pacific. “MediaQuest’s substantial media footprint and stellar reputation make them an ideal partner for us as we expand our brand in Asia. Being in the third largest English-speaking country in the world will help us reach a vast new audience by combining elements of our daily global broadcast material with unique, tailor-made local content.”

The new channel will be run by Bloomberg and TV5, MediaQuest’s free-to-air TV channel. Leveraging TV5′s award-winning talent and production, the channel will provide several hours of unique local daily content supplemented by Bloomberg’s programing to create a new 24/7 premium business news channel. It will be included in Cignal Digital TV’s post-paid international channel bundle and created exclusively for its DTH platform.

“We are very excited to be partnering with Bloomberg and believe their global experience will be invaluable in taking business television programming to the next level,” said Noel C. Lorenzana, President and CEO of MediaQuest. “Our financial markets are rapidly growing in size and sophistication and we saw room for a premier business channel that can inform, educate and showcase the best of business and finance in the Philippines.”

He added, “We are also committing our latest technology to the production of Bloomberg TV Philippines, such as our high definition (HD) cameras, studio controls, HD OB vans, and HD ENG vans. We always strive to provide the best experience we can to our subscribers.”

This initiative continues Bloomberg Television’s momentum in Asia, complementing local partner channels in India, Indonesia, Malaysia and Mongolia.

About Bloomberg

Bloomberg connects influential decision-makers to a dynamic network of information, people and ideas. Its strength – quickly and accurately delivering data, news and analytics through innovative technology – is at the core of everything it does. With over 15,500 employees in 192 locations, Bloomberg delivers business and financial information, news and insight around the world. For more information, please visit www.bloombergbusiness.com.

About MediaQuest Holdings Inc.

MediaQuest Holdings, Inc. is a media-holding company with interests in free TV, pay TV, radio, and print. MediaQuest owns TV5 Network Inc. (TV5), the fastest-growing free-to-air television channel broadcasting all over the Philippines, and Cignal TV, Inc., under which it operates the country’s leading direct-to-home TV subscription service via satellite and terrestrial wireless transmission under the brand name Cignal, with a current subscriber base of over 844,000. In addition to this, MediaQuest also holds controlling interests in Nation Broadcasting Corporation (NBC), a company engaged in the business of commercial radio broadcasting nationwide, as well as  outstanding local publications BusinessWorld Publishing Corporation (BusinessWorld) and Philstar Daily, Inc. (The Philippine Star). MediaQuest also owns minority interests in Unitel Productions, Inc., a foremost TV production company that has produced award-winning TV commercials and films. Established in 1999, MediaQuest is a wholly owned subsidiary of the PLDT Beneficial Trust Fund.

Media Contacts

Bloomberg:

APAC, Robert Koh, rkoh22@bloomberg.net, +852 2977 2101
EMEA, Catrin Thomas, cthomas106@bloomberg.net, +44 7917 000 808
US, Amanda Cowie, acowie@bloomberg.net, +1 212 617 1689

MediaQuest:

Peachy Vibal-Guioguio, peachy@mediadotexchange.com, media.xchange@yahoo.com.ph, +63 908 8973118

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Swap Dealers Include Bank of America, N.A., Barclays, Deutsche Bank, Societe Generale and Others

New York – June 5, 2017 – Following last month’s launch of Bloomberg Total Return Swaps, known as BTRS, Bloomberg today announced the first executed standardized Total Return Swap transaction on the Bloomberg Barclays Indices.

Standardized BTRS provide exposure to the widely used Bloomberg Barclays fixed income indices, including the US & Global Aggregates, US Corporate (IG) and US High Yield Indices, as a tool for clients operating in the credit space who are subject to margin, risk and post-trade capital requirements.

“As financial institutions are forced to reduce the amount of risk and large bond positions they carry, a number of our clients have expressed strong interest in BTRS as an easy-to-transact means of alternative, synthetic exposure to the credit markets,” said Phil Cenatiempo, Head of Bloomberg Global Markets. “This exposure carries a lower risk of divergence from the underlying cash instruments at minimal capital expense for both the buy side and the sell side.”

“BTRS opens these market-leading fixed income benchmarks to a broader set of participants who can use the instrument to hedge existing portfolios, better manage their risk allocation, or put new money to work,” added Cenatiempo. “BTRS’ interoperability with Bloomberg’s fixed income valuation, risk and portfolio analytics tools creates a high level of efficiency in the workflow.”

U.K.-based banking and financial services company Barclays provided sell-side execution on the first BTRS transaction.

“BTRS represents a significant stride towards standardized swap agreements around benchmark indices as investors seek cost-efficient trading methods in specific credit markets with limited liquidity,” said Umang Bhatia, Head of Fixed Income Index Derivative Trading, TRS & Bond Forwards, Barclays. “As a leading market-maker in Bloomberg Barclays Index swaps, we look forward to providing access and liquidity in BTRS to customers.”

BTRS swap dealers currently include Bank of America, N.A., Barclays, Deutsche Bank, and Societe Generale. Single dealer pages are being created to provide clients with full market transparency. The Barclays page is already available on the Bloomberg Terminal at {GDCO 2592 <GO>}.

Standardized BTRS supplement a broader set of existing products that incorporate the Bloomberg Barclays Indices with full constituent data, available through the Bloomberg Terminal. Find more information about the Bloomberg Barclays Indices at bloombergindices.com or via {IDXO <GO>}.

For more information about Bloomberg Total Return Swaps (BTRS), please email btrs1@bloomberg.net.

About the Bloomberg Barclays Indices

Since 1973, the Bloomberg Barclays Indices have been the most widely-used for fixed income investors seeking objective, rules-based, and representative benchmarks to measure asset class risk and returns. Whether published under the banner of Kuhn Loeb, Lehman Brothers or Barclays, these indices have provided investors with a wealth of market information. On August 24, 2016, Bloomberg acquired these assets from Barclays. Barclays and Bloomberg have agreed to co-brand the indices as the Bloomberg Barclays Indices for an initial term of five years. For more information, visit Bloomberg Barclays Indices.

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. Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit www.bloomberg.com or request a demo.

Bloomberg Media Contacts:

U.S., Jill Watanabe, jwatanabe11@bloomberg.net, +1 212-617-1610

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Welcome remarks by Taran Khera, Head of Asia for Bloomberg

Hong Kong – On May 16, the People’s Bank of China and Hong Kong Monetary Authority made a joint announcement on the Bond Connect, a new initiative that allows overseas institutional investors to trade in China’s interbank bond markets, through a connection between Mainland China and Hong Kong financial infrastructure institutions. The day after, Bloomberg launched the RMB Bond Suite in preparation for greater investor interest in China’s $9 trillion domestic bond market.

In response to market interest around the Bond Connect programme, Bloomberg today gathered more than 150 market participants in Hong Kong to discuss how the initiative will work, how it will facilitate northbound trading and its operational details.

The event was kicked off by Romnesh Lamba, Co-Head of Market Development at Hong Kong Exchanges and Clearing Limited (HKEx), who delivered a keynote outlining how the Bond Connect can help investors and a vision of how it would work.

Romnesh Lamba, Co-Head of Market Development at Hong Kong Exchanges and Clearing Limited (HKEx), delivering his keynote speech

This was followed by a panel comprised of senior market practitioners from HKEx, Hong Kong Monetary Authority, BNP Paribas, Standard Chartered, Bank of China Hong Kong and Tianfeng International Securities, who gave their opinions on how the Bond Connect programme would operate and the technical considerations.

Speaking at the event, Taran Khera, Head of Asia for Bloomberg, reaffirmed that Bloomberg will lend its full support to the Bond Connect programme, and is working with the respective parties. He also mentioned that the Bond Connect scheme between Hong Kong and mainland China is a positive step in China’s continued financial reform and will contribute to further liquidity and transparency.

These views were echoed in a poll conducted at the event, which revealed that over 80% of the attendees felt that the Bond Connect will widen the investor base for China’s onshore interbank bond market, but only over time. Their key areas of interest regarding the Bond Connect programme primarily pertained to onboarding and KYC requirements and operational efficiency (both at 25%).

The announcement of the Bond Connect initiative comes more than two years after Beijing launched the Shanghai-Hong Kong Stock Connect, the first mutual market access initiative between Hong Kong and Mainland China, in November 2014. Chinese authorities further widened this with the opening of the Shenzhen-Hong Kong Stock Connect in November 2016.

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Polish foreign exchange executives say that geopolitics is the biggest issue facing its country and currency this year, according to the results of a Bloomberg FX survey issued today.

More than half (56 percent) of Warsaw FX professionals polled said that the single biggest challenge facing corporations in the country will be navigating geopolitical challenges, while one-quarter say it will be hedging against market volatility. The poll was taken at Bloomberg’s FX17 Summit, which attracted 80 of the leading local FX players, to the event on June 7 in Warsaw.

The most significant issue affecting the Polish currency, the zloty, in 2017, will be political developments between Poland and Europe, said 56 percent of those who responded. The rest of the audience was split, saying that the zloty could be most affected by geopolitics or moves by central banks in the U.S. and Europe.

“The 5 trillion dollar-a-day global FX market is more challenging than ever before,” said Tod Van Name, Bloomberg’s Global Head of FX Electronic Trading. “Currency professionals need new information and tools to help them quickly develop and execute their trading ideas. We brought the Warsaw FX community together to discuss their challenges to see how we may be able to help them.”

Over half of those polled (54 percent) said that they expect the EUR/PLN exchange rate will remain between 4.00 and 4.25 to the end of 2017.  That exchange rate will go higher 34 percent said, while only 13 percent said it would go below 4.00.
To deal with market uncertainties, FX professionals have increased their hedging of the zloty, said 53 percent the audience. The rest said they are either naturally hedged against zloty weakness, choose not to hedge, or do not have the tools to hedge.

What single currency is the safest bet in 2017? Respondents said none and were split between the US dollar (34 percent) and the Japanese yen (25 percent). Very few said they believe in the safety of: the Euro, Chinese yuan, Polish zloty, or British pound.

When asked about their readiness to meet the new European trading rules called MiFID II, which will go into effect in January, more than half (58 percent) said they are ready now or will be by then, but 29 percent said they are not even sure how to get started.

“The complexity and depth of FX regulations keep growing,” said Van Name, adding, “Bloomberg’s dedication to transparency and mastery with data puts us in a perfect position to help clients meet requirements throughout the world.”

The Warsaw event reviewed key regulations such as:

• MiFID II – Markets in Financial Instruments Directive that requires more detailed reporting from any financial industry doing business with European firms
• FRTB – Fundamental Review of the Trading Book that calls for standardized methods and models to measure risk
• PRIIPs – Packaged Retail Insurance-based Investment Products that imposes more pre-contractual disclosure for retail investing

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Frankfurt, June 12, 2017 – Bloomberg brought its International China investor roadshow themed “China: Navigate the New Silk Road” to Frankfurt today, in partnership with China Europe International Exchange (CEINEX). The event, just two weeks following Chinese Premier Li Keqiang’s visit to Germany, convened top Chinese and international market participants and financial institutions to discuss the opportunities and challenges of investing in China.

China and Germany have enjoyed solid and stable relations in trade and investment, with trade volume between the two countries reaching 170 billion euros last year, making China Germany’s largest trading partner. Over the last three years, China has been Germany’s largest foreign direct investor, while Germany was among the first to pledge support for China’s Belt and Road Initiative, and to join the Asian Infrastructure Investment Bank (AIIB).

Hubertus Väth, Managing Director of Frankfurt Main Finance e.V. delivered a keynote speech on German-China economic and financial collaboration. “China and Germany have enjoyed two firsts together. President Xi Jinping and Angela Merkel were the first to agree on establishing a European RMB-Clearing hub. This was followed in 2015 by the opening of CEINEX, the first dedicated platform for China- and RMB-related investment products outside mainland China,” said Väth.

Hubertus Väth, Managing Director of Frankfurt Main Finance e.V. delivers a keynote speech

“As the first dedicated trading venue for China- and RMB-related financial tools in international markets, CEINEX is a great example for the mutual opening up of capital markets between China and Europe, bridging the markets by creating new trading opportunities,” said Chen Han, Co-CEO of CEINEX. “Moreover, CEINEX is an integral part of the financial connectivity of the Belt & Road Initiative. Market participants from the financial industry as well as the real economy get the opportunity to finance and participate in these infrastructure projects, which will increase global trade and further push the world economy ahead.

Chen Han, Co-CEO of CEINEX, delivers welcome remarks

“We are pleased to partner with CEINEX to organize this event for key financial market players in Germany, so they can better understand the market opportunities that China’s Belt & Road initiative presents,” said Ee Chuan Ng, Head of Bloomberg China. “Bloomberg is committed to connecting international investors to China’s vast capital markets and Chinese companies to global markets.”

Shen Shisheng, deputy head of Financial Department at ICBC and Chen Han, Co-CEO of CEINEX, discussed the development and opportunities of China’s fixed income and equity markets respectively in their presentations. Speakers from China AMC, Commerz Funds Solutions, Hefeng Family Office, ICBC, State Street, CEINEX and Bloomberg participated in subsequent panel discussions.

The Frankfurt event is a key stop in Bloomberg “China: Navigate the New Silk Road” investor roadshow in 2017. Covering over 10 cities worldwide this year, the roadshow kicked off in Geneva in March and will go to London on June 15.

Panel discussion on China’s bond market

Panel discussion on China’s equity market

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In-Plant Printing and Mailing Association (IPMA) Honored Bloomberg’s In House Print Business at Annual Conference on June 13

New York — Bloomberg LP’s in house print business, Bloomberg Ink, has been named “Print Center of the Year” as well as “Best in Show” in the Non-Offset category by the In-Plant Printing and Mailing Association (IPMA).

The award recognizes corporate publishing operations that excel in efficient management practices in furthering the objectives of the parent company, according to IPMA.

Bloomberg Ink supports in house print for all of Bloomberg LP, which has more than 19,000 employees in 192 locations worldwide from it’s New Jersey, London and Hong Kong locations. The team, led by team leader John Cruser, was honored on June 13 at IPMA’s annual conference in Pittsburgh, Pennsylvania.

“We’ve always known that Bloomberg Ink was a best-in-class operation, and I’m proud to see the team recognized by the leading trade association in their field,” said Beth Mazzeo, Bloomberg’s Chief Operating Officer.

Bloomberg’s print facilities use the latest technology and collaborates closely with the Forest Stewardship Council (FSC) to support Bloomberg L.P.’s ongoing sustainability efforts. Nearly all of the paper used is FSC certified, prioritizing sustainability by using recycled paper, environmentally preferable inks and encouraging a reduction in overall paper use.

The team has already been recognized with three Gold and two Silver awards by IPMA on items produced.

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London, June 15, 2017 – Bloomberg hosted its International China investor roadshow themed “China: Navigate the New Silk Road” in London today. About 200 top Chinese and UK government officials, market participants and financial institutions attended the event to discuss China’s economic outlook and the investment opportunities and challenges in China’s bond and equity markets.

London has become a dominant offshore hub for trading the RMB. As of March 2017, SWIFT’s data shows that, over 36% of RMB transactions were conducted with the UK this year. Last year, China chose London for its first-ever sovereign RMB bond issued outside of China.

“The Belt and Road Initiative is helping to shape open, global cooperation. In building the Belt and Road, the UK and China have every reason to join hands. The UK’s strength, including experience, knowledge and creativity will find a good match with China’s strength such as unique growth model, technology and marketing capability,” said H.E. Liu Xiaoming, Chinese Ambassador to the United Kingdom of the Great Britain and Northern Ireland. “This would definitely help London further consolidate its standing as a global financial centre. At present, London is the largest RMB offshore market outside China. These are opportunities for us to achieve win-win by increasing market connectivity.”

“The Belt and Road initiative and the opening up of China financial market present enormous opportunities to global investors,” said Constantin Cotzias, Bloomberg’s Global Head of Government Affairs. “Bloomberg is in a unique position to help investors find opportunities and connect the markets – and we’ll keep looking for ways to do that.”

In panel discussions, speakers from Aberdeen Asset Management, Bank of China, China AMC, China Europe International Exchange, China International Capital Corporation (CICC), Hefeng Family Office, HSBC, ICBC Standard and Bloomberg discussed the opportunities and challenges in China’s bond and equity markets.

In a survey conducted at the event, 43 per cent of respondents indicated that they are actively exploring investment opportunities in China’s bond market and 41 per cent said they have already entered the market. Market participants are optimistic about the outlook of foreign investment in China’s bond market with 41 per cent believing that although growth is slow this year, it will be exponential in the next five years. In comparison, 80 per cent of respondents are already investing in China’s equity market. However, majority of respondents (52 per cent) thought it is unlikely that China A shares will be included into the MSCI Emerging Markets Index this year.

Bloomberg’s market specialist Rachel Li introduced the recently launched Bloomberg RMB Bond Suite to investors in London. The RMB Bond Suite is the industry’s most advanced set of fixed incomes tools for onshore and offshore investors tracking China’s bond market.

This is the sixth year that Bloomberg is bringing its signature International China investor roadshow to London. The roadshow will covers over 10 cities worldwide in 2017, providing platforms for global investors to better understand and appreciate the opportunities of investing in China.

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Opening this autumn, Bloomberg’s new European headquarters in the heart of the City of London is the first wholly owned and designed Bloomberg building globally. Conceived in collaboration with Foster + Partners, it reflects founder Mike Bloomberg’s long-held belief that workspaces should foster collaboration, innovation and productivity.

Michael R. Bloomberg, Founder, Bloomberg L.P. and 108th Mayor of New York City says: “Our people are our most important asset. I wanted to create a unique, sustainable building where our 4,000 London employees would come to work every morning inspired to connect, collaborate and innovate. I believe in openness. This building takes that to a new level – there’s nothing like it in the world.”

Norman Foster, Founder and Executive Chairman, Foster + Partners adds: “This project has been an exemplar of collaboration – made possible by the extraordinary vision and personal involvement of Mike Bloomberg, who has been an inspiration every step of the way. The scale and materiality of the building is respectful to its surroundings, and its design brings life to the civic domain by reviving the ancient Watling Street as a public arcade of restaurants. The deep plan interior spaces are naturally ventilated through a ‘breathing’ façade combined with a top lit atrium edged with a spiralling ramp at the heart of the building that ensures a connected, healthy and productive environment. The design is a highly specific response to Bloomberg’s needs, it is an embodiment of the organisation and its core values, embracing the latest principles of sustainable design, and will be a magnet for global talent to the City of London.”

Expansive, open floor plates are connected by a spiral ramp that spans seven floors of the nine-story building. Wide enough for three people to walk alongside each other, it is designed to connect employees and encourage passing interactions as they travel between floors.

On the sixth floor, a double-height, column-free ‘pantry’ with a view of St Paul’s Cathedral will be the central hub of the building.

Illuminated by natural light from the atrium ceiling, the pantry is a dynamic space for impromptu meetings and social interactions where employees and guests can convene over snacks and beverages.

A bespoke desk design captures Bloomberg’s approach to collaborative working. Desks are arranged in circular pods around a central table, allowing employees to easily swivel round and convene. Each desk also has an adjustable standing feature and an upholstered pedestal that can be pulled out to allow two people to sit side by side and collaborate in front of a screen.

Located between the Bank of England and St Paul’s Cathedral, the new Bloomberg site occupies 3.2 acres and will provide approximately 500,000 square feet of sustainable office space, two new public plazas featuring specially commissioned works of art, a retail arcade that will reinstate an ancient Roman travel route, and an anticipated cultural hub that will restore the ancient Roman Temple of Mithras to its original site. Clad in traditional stone and bronze, it is sympathetic to its context and will improve the surrounding public realm.

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Australia’s large and sophisticated buy-side community are watching developments on the geopolitical front to prepare for any disruption to their investments, whilst reviewing the implications of Markets in Financial Instruments Directive or MiFID II on their operations and equipping themselves with the necessary technology and processes to prepare for the new regulation that will come into play in January 2018.

Across the globe this year, Bloomberg has organized buy-side symposiums in Singapore, New York, Seoul and Sydney. These symposiums brought new and thoughtful perspectives to a growing community of asset managers, asset owners, pension funds, insurers, family offices and hedge funds.  In our polling of participants, some themes that surfaced from this year’s Bloomberg Buy-side Forum in Sydney include:

• 41 per cent of Australian investors polled view geopolitical risks as having the most potential to disrupt the industry in the next 12 months. Over 34 per cent of respondents cited China’s growth outlook and evolving policy landscape as the biggest geopolitical risk to investors, followed by equal votes (26 per cent each) for risks arising from Trump’s trade policies and changes in Europe’s political landscape.

• Over 40 per cent expressed concerns that MiFID II will have the largest impact on their business, and RG97 followed 2 percentage points of votes behind. ASIC’s Regulatory Guide 97 requires superannuation and managed investment products to disclose detailed fees and costs.

• Similar to our polling results from a year ago, Australian investors continue to look beyond domestic markets with 88 per cent saying they currently are or plan to invest outside the continent. When investing overseas, 61 per cent of Australian investors polled chose equities over 23 per cent who would invest in alternatives such as hedge funds, private equity and infrastructure.

• China continues to be a focus for overseas investments with 32 per cent of respondents indicating it as the market that holds the highest potential for diversification compared to 22 per cent who voted for Europe and 20 per cent who voted for US. Few are looking at Japan, Singapore or Hong Kong but 22 per cent thought that frontier markets in Asia including Myanmar, Vietnam and Cambodia are promising destinations.

• When quizzed about social impact investing, close to half of respondents (48 per cent) indicated that they are already engaged in it, 30 per cent will likely adopt it, and approximately 22 per cent who said they are unlikely to do so.

• As the buy-side continues to evolve, connectivity to the international markets has never been more important to Australian investors. 74 per cent of investors polled indicated that technology helps them streamline their workflow from front to back office, and close to a fifth (18 per cent) said it helps them comply with regulatory requirements.

As the world’s biggest financial platform, Bloomberg understands and continues to innovate around our clients to create practical technological solutions that allow the buy-side to focus on what they do best – generating alpha. We have built an integrated buy-side technology platform of the future – across portfolio management, operations, trading, post-trading and compliance.  Our entire suite of buy-side solutions efficiently streamlines workflows, supports future growth and ensures that our clients will always be compliant.

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June 27, 2017 — InsiderInsights, the next generation of insider trading analytics, today announced its InsiderApp, Research and Headline Alerts is now available on the Bloomberg App Portal at {APPS ININ <GO>}.

Through the InsiderApp on the Bloomberg App Portal, InsiderInsights extends its services to Bloomberg Terminal subscribers. InsiderApp gives investors insight into the sentiment company executives and directors have about the value of their own companies’ shares. Using this analysis and other market indicators, investors can make more informed investment decisions.

Recognizing that executives at publicly traded companies have an advantage when trading their own company’s shares, the Securities Exchange Act of 1934 mandated that company “insiders” disclose certain details of their trades. This publicly-filed “insider data” generates investment intelligence, and investment professionals commonly incorporate insider data analysis as a factor in equity research.

By combining value-added insider data, a full statistical array of insiders’ track records, and independently validated Insider Ratings on the same screen, InsiderApp saves investors time and can improve results.

“We’ve reengineered this foundational research input from the bottom up, making it easier to remove the noise from insider data and see a clearer picture of insiders’ sentiment on shares,” explains Jonathan Moreland, Director of Research at InsiderInsights and author of Profit from Legal Insider Trading (Dearborn 2000). “InsiderApp’s depth of capabilities will appeal to longer-term investors, while traders can rely on its real-time data and Headline Alerts.”

Bloomberg Terminal subscribers around the globe can access the Bloomberg App Portal at {APPS <GO>}, and search a library of applications that help them analyze and visualize market trends, evaluate securities, and calculate risk. Applications are licensed separately and run within the Bloomberg Terminal desktop, which simplifies and streamlines the users’ workflow.

To provide seamless navigation between insider data and research content, the InsiderApp works alongside a companion data set, called Research Reports and Headline Alerts, available on the Bloomberg Terminal at {ININ <GO>}. In addition, InsiderApp links to other related functions on the Bloomberg Terminal, which unifies workflow and enhances data discoverability.

“We’re thrilled to finally bring our proprietary data and analytics to Bloomberg Terminals,” added Mr. Moreland. “The democratization of financial data has led to its mediocrity in so many areas, and nowhere more so than with insider data,” he points out. “Commodity insider feeds are full of noise and time-consuming to analyze, and last decade’s simplistic scoring methods have been wrung of alpha. We’re pleased to have made a foundational piece of research data relevant and usable. Our commitment to delivering insider sentiment and making it easier to use as an investing factor is relentless.”

For more information about the Bloomberg App Portal please contact app_portal@Bloomberg.net.

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Banco Bilbao Vizcaya Argentaria, S.A. (NYSE: BBVA) is the first dealer to give its institutional clients an automated way to build bespoke structured products and then calculate a tradeable price in real-time through a new Bloomberg function called the Derivatives Library, or {DLIB<GO>}.

Institutional clients of BBVA have started to execute deals based on tradeable prices delivered to BBVA’s dealer page on the Bloomberg Terminal at {DLIB BBVA <GO>}. In addition to delivering structured products pricing in real-time, DLIB provides both parties to a deal with clarity into a deal’s characteristics and gives BBVA’s buy-side customers back-testing capabilities and product life-cycle management.

“With a clear focus on private banking, this initiative is fully aligned with BBVA’s strategy to position itself as an agile organization and capture fast business from this customer segment,” said Emilio Sainz de Baranda, Global Head of Equity Derivatives Sales at BBVA. “This partnership with Bloomberg helped shorten the time it takes to structure and price deals from hours to a matter of seconds making it easier for our clients to use BBVA as their dealer of choice for structured investments.”

Bloomberg DLIB gives institutional investors access to a library of preexisting and custom deal templates for structuring equity, FX, credit and interest rate derivatives contracts with desired characteristics.

Users can work-up theoretical pricing and analyze the risk of deals, including exotic and hybrid payoffs, on the Bloomberg Terminal when they are Bloomberg Anywhere subscribers.

Bloomberg DLIB provides the community of users, the data and the infrastructure that makes BBVA customer’s workflow easier. This project is transformational because it links BBVA’s automated pricing tool with Bloomberg DLIB, which eliminates human intervention to calculate and provide BBVA’s customer with a firm price. Furthermore, through a fast implementation of this solution, BBVA has established a strategic advantage over other market participants.

“Bloomberg’s wealth of market data and analytics supports diverse investment strategies and cater to various risk and reward profiles. Our work with BBVA is another example of Bloomberg’s commitment to facilitating the workflow between the sell-side and the buy-side; from idea generation, to pre-trade, execution and post trade operations,” said Karim Faraj, Global Head of Front Office Derivatives at Bloomberg. “Structured products investors can use Bloomberg for more of their workflow — from structuring deals, to pricing them, to calculating risk on an ongoing basis.”

Institutional investors that use Bloomberg DLIB to structure and price deals can also use Bloomberg’s Multi-Asset Risk System, called MARS, for portfolio valuation and collateral management, as well as front office, market and counterparty risk management.

Bloomberg Terminal subscribers can find more information about Bloomberg’s derivatives library at {DLIP<GO>}. To find information about Bloomberg’s MARS, please visit {RISK<GO>} on the Bloomberg Terminal or our website.

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Baku, Azerbaijan –  The Central Bank of Azerbaijan has chosen to conduct its auctions for foreign exchange (FX) instruments and deposits through Bloomberg’s auction platform, officials announced today.

Designed to help central banks and finance ministries manage primary market operations, the platform has been recently extended to include FX instruments (spot and outright) and deposits, in addition to its pre-existing suite of fixed income and repo products.

“Bloomberg’s auction platform provided us with advanced experience in handling FX and deposit auctions with its flexible, swift and multi-purpose auction techniques, thus becoming a single platform for those monetary operations conducted by the Central Bank,” says Ali Ahmadov, Director of Market Operations Department of the Central Bank of Azerbaijan.

“We are very pleased to be working with the Central Bank of Azerbaijan and offering a platform that enables a step change in the management of monetary operations,” says Tod Van Name, Bloomberg’s Global Head of FX Electronic Trading. “The platform provides an optimal and cost-effective way to conduct auctions for FX instruments and deposits in the local market — all within a single, comprehensive solution.”

Bloomberg’s multi-asset auction platform helps market participants track central bank auctions and enter bids.  It is part of an extensive suite of functionalities that allow central banks to auction off their debt, FX, repos and depositary notes to market participants. Auction data will go into Bloomberg’s FX electronic trading platform, FXGO.  Available to subscribers of Bloomberg Professional Services, the system is fully integrated with Bloomberg’s data, news, analytics and communications tools.

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Credicorp Capital, one of the largest financial services holding companies in the region, has adopted Bloomberg’s Trade Order Management System (TOMS). TOMS will help Credicorp Capital expand sell-side operations.

Credicorp Capital’s Trading Desk operations in Peru, Chile and Colombia, will use Bloomberg’s TOMS to improve their internal workflow and expand volume by leveraging Bloomberg’s electronic distribution platform ALLQ for fixed income trading for over-the-counter Latin America Corporate and Sovereign Debt.

“Credicorp Capital is confident that this Bloomberg technology will add substantial value to our company and clients, and allow us to expand our services in Chile, Colombia and Peru,” said Hugo Horta, Head of Capital Markets of Credicorp Capital.

Robert Friend, Bloomberg Global Head of Sell-side solutions and Research, said, “We are delighted that Credicorp has chosen Bloomberg’s Trading Order Management System. As electronic trading in the fixed income markets is expected to grow globally, sell-side firms are increasingly looking for solutions that optimize their entire workflow and give them access to liquidity platforms.”

“Bloomberg’s TOMS helps generate revenue, drive efficiency, increase global distribution, and manage risk and compliance,” Geraldo Coelho, Bloomberg South America Business Executive, said, adding, “TOMS is fully integrated with the Bloomberg Terminal, so Credicorp Capital can also see our award-winning news, data and analytics.”

TOMS will allow Credicorp Capital to:

• manage position, profit and loss, and risk in real time
• offer bonds electronically via Bloomberg’s ALLQ platform that shows price comparisons, single-dealer pages and allows trading on live-streaming prices
• conduct post-trade allocation automatically and streamline post-trade workflow
• move Bloomberg’s voice trade confirmations (VCON) into the TOMS blotter

The system provides multi-asset coverage with workflows for trading and sales, manages inventory and P&L activity.  It also provides enterprise technology including electronic trading tools and connects to the largest network of buy-side and sell-side investors.
Most importantly, TOMS provides global regulatory reporting and connectivity to electronic fixed income markets in the Latin America, U.S. and Europe.

For more information on TOMS, go to www.bloomberg.com/professional

About Credicorp

Credicorp Capital is a group of companies able to offer its clients a substantial value proposition based on its experience and capabilities in the MILA region, which is by now the extended home market for many Peruvian, Colombian and Chilean companies. This region is offering global institutional investors some of the most attractive investment opportunities within the Emerging Markets.

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New Delhi — Bloomberg announced today that a growing number of India’s public sector corporations are adopting Bloomberg’s Foreign Exchange electronic trading platform (FXGO) for foreign exchange dealing. The corporations include Gas Authority of India Ltd (GAIL), Rural Electrification Corporation Limited (REC) and ONGC Videsh Ltd (OVL).

GAIL is the largest state-owned natural gas processing and distribution company in India; REC is a leading public infrastructure finance company in India’s power sector; and OVL is India’s second largest oil company. The corporate treasury desks at GAIL, REC and OVL are using Bloomberg FXGO to analyze trade ideas, request quotes, execute, and perform post trade analysis, all on a single electronic platform.

“As we expand and transform our operations, the move towards an electronic FX platform was important for us to achieve greater efficiencies and streamline our workflow,” said a REC spokesperson. “With Bloomberg FXGO, we can access real-time executable pricing from multiple banks, click and trade various FX instruments on the best price provided, and achieve best execution.”

“Bloomberg’s commission free FX trading platform has enabled us to bring more efficiency to the bidding process and have better audit trails. The ease on trade execution along with world class market data, news and analytics, makes it a complete solution for corporate treasury today,” said a GAIL spokesperson.

Bloomberg’s FX solutions provide real-time pricing information integrated with news, data and analytics for traders to monitor the markets, analyze trends and generate trade ideas. A commission-free trading platform for both corporates and banks, Bloomberg FXGO provides access to liquidity from over 500 providers worldwide for financial institutions, corporations, money managers and hedge funds across all major FX instruments including spot, forwards, options, NDFs and deposits.

“It is encouraging to see a growing number of public sector companies adopting electronic platforms and setting a new benchmark for corporate treasury in India,” said Sunny Chhabria, Head of Sales for Bloomberg South Asia. “GAIL, REC and OVL represent leading public sector enterprises in India that are adopting best-in-class technology and global best practices in corporate treasury, and we look forward to partnering with more Indian corporations to support their business transformation.”

For more information on Bloomberg’s FX electronic trading solutions, visit https://www.bloomberg.com/professional/product/fx-electronic-trading/ or FXGO <GO> on the Bloomberg Terminal.

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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 Terminal. Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit www.bloomberg.com or request a demo.

Media Contacts

APAC, Belina Tan, belina.tan@bloomberg.net, +65-6231-3637

U.S. & LATAM, Pam Snook, pamsnook@bloomberg.net, +1-212-617-7653

EMEA, Anna Schoeffler, aschoeffler1@bloomberg.net, +44-20-3525-0776

The post India’s Public Sector Corporations Adopt Bloomberg’s Foreign Exchange Electronic Trading Platform appeared first on Bloomberg L.P..

Jakarta  — Bloomberg announced today that it has launched a bespoke reverse repo analysis and trading platform for Indonesia’s financial market participants, in a move that will help broaden and deepen the money market in the country.  Repurchase agreements, or repos, are well established sources of money market funding in the global financial market, especially in Europe where the market size is estimated at EUR5.7 trillion in December 2016[1]. Among other key banks, Bank Negara Indonesia was one of the first banks that traded on Bloomberg’s repo platform.

Partnering with the Money Market Working Group (MMWG) in the Indonesia Foreign Exchange Market Committee (IFEMC), Bloomberg worked closely with over 20 banks to develop a solution that fits within the regulatory framework of Indonesia’s money market.  The IFEMC aims to foster the development of an efficient and stable financial market in Indonesia.

Mr. Martin Mulwanto, IFEMC Head of MMWG and Managing Director at PT. Bank Mega said, “With Bloomberg’s help, we are making strides in creating a secure, transparent and vibrant debt market that will further broaden and develop our financial market.  Bloomberg’s world-class technological capabilities and in-depth localized knowledge of the Indonesia repo market meant that they were able to customize the platform according to our specific needs.”

Bloomberg’s repo platform provides repo counterparties a standardized calculation and communication platform with complete transparency into the collateralization details.  It also incorporates a swift and efficient trade confirmation system that streamlines the workflow between counterparties, thus minimizing errors that could occur.

In recent years, Bank Indonesia has placed considerable efforts to deepen the financial market including introducing cross-currency swaps, expanding the scope for foreign funds’ participation and mandating companies to hedge their currency exposure.  In line with international best practices,[2] Bank Indonesia chose the seven-day reverse repo rate as its policy benchmark.

Andrea Mosconi, Head of ASEAN for Bloomberg said, “We are delighted to be the technology solution for Indonesia’s repo market, partnering with IFEMC and the sell-side community to provide a robust platform for the market to participate in the repo market.  Indonesia is an important market in the ASEAN region for Bloomberg and we will continue to seek ways to play a key role in the development of its financial market.”

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 Terminal. Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit www.bloomberg.com or request a demo.

Media Contacts

APAC, Belina Tan, belina.tan@bloomberg.net, +65-6231-3637

U.S., Jill Watanabe, jwatanabe11@bloomberg.net, +1-212-617-1610

EMEA, Anna Schoeffler, aschoeffler1@bloomberg.net, +44-20-3525-0776

[1] According to International Capital Market Association’s 31^st semi-annual survey of the repo market in Europe.

[2] http://www.bi.go.id/en/moneter/bi-7day-RR/penjelasan/Contents/Default.aspx

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Wellington – Bloomberg, the global financial data and news leader, announced today that the New Zealand Financial Markets Association (“NZFMA”) now receives real-time prices from Bloomberg’s consolidated market data feed, called B-PIPE. NZFMA, the professional body for institutional banking in New Zealand, is now using the B-PIPE rates in its end-of-day market rates calculation.

Bloomberg’s B-PIPE provides financial firms with global connectivity to consolidated, normalized market data in real time. B-PIPE gives firms access to Bloomberg’s composite tickers and market indices along with consolidated, normalized market data for 35 million instruments across all asset classes, including data aggregated from more than 330 exchanges and 5,000 contributors.

In 2016, NZFMA embarked on a project to review the capture and calculation methodology for New Zealand data, including real-time and reference data on New Zealand’s wholesale OTC financial markets. The B-PIPE data supplied to NZFMA will be used in calculations for a range of tradable financial instruments, such as: New Zealand Government Bonds; New Zealand Swap Closes; New Zealand Bills/LIBOR; New Zealand OIS Close and New Zealand Credit Markets.

“We’re delighted to be working with NZFMA to enhance the quality and accuracy of market closing rates data,” said Heena Chakravorti, Bloomberg’s Head of Oceania. “B-PIPE supports NZFMA’s goal of maintaining the highest standards in the provision of financial benchmarks and closing market rates, making use of market leading technology to further enhance the efficiency of New Zealand’s financial system.”

By sourcing data from Bloomberg’s B-PIPE, NZFMA is able to access market data in a consolidated and seamless manner, without having to rely on bank panel submissions. In addition, the provision of closing rate market reference rate data that is electronically calculated from B-PIPE delivers significant improvements to market accuracy and transparency. The format of the credit market closing rate data will change from credit spread to an outright yield, or price basis, which eliminates the need to calculate the closing rate manually and reduces the of probability of an input or computation error.

To promote consistency of data for market participants when marking their end-of-day positions, Bloomberg will also provide calculated spread data for fixed rate credit bonds and the discount margins for floating rate notes.

For more information about Bloomberg’s consolidated market data feed, or B-PIPE, please visit www.bloomberg.com/professional/product/market-data/
 

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 Terminal. Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively.

BLOOMBERG, BLOOMBERG PROFESSIONAL, and BLOOMBERG TERMINAL are trademarks and service marks of Bloomberg Finance L.P., a Delaware limited partnership, or its subsidiaries. All rights reserved.

Media Contacts

• APAC, Robert Koh, rkoh22@bloomberg.net, +852-2977-2101
• EMEA, Anna Schoeffler, aschoeffler1@bloomberg.net, +44-20-3525-0776
• U.S., Vera Newhouse, vnewhouse@bloomberg.net, +1-212-617-6420
• LATIN AMERICA, Pam Snook, pamsnook@bloomberg.net, +1-212-617-7653

The post Bloomberg B-PIPE to Provide Source Data to Calculate NZFMA Closing Reference Rates appeared first on Bloomberg L.P..

Bloomberg Data Reporting Services Limited (BDRSL) has received approval from the UK Financial Conduct Authority (FCA) to start testing its MiFID II Approved Reporting Mechanism (ARM) for transaction reporting and its Approved Publication Arrangement (APA) for trade reporting with the FCA’s Market Data Processor system (MDP).

The connection to the MDP will allow the transmission of transaction reports and transparency calculation data to the FCA when MiFID II applies on 3 January 2018. Bloomberg currently operates an ARM under MiFID and is expecting to receive authorisation from the FCA to operate a MiFID II-compliant ARM and APA later in 2017.

Alejandro Perez, Global Head of Post-Trade Solutions at Bloomberg, said: “MiFID II requires more trades and data to be reported across a wide range of asset classes and within very short timeframes. As a provider of ARM services since December 2014, Bloomberg is very well placed to support market participants with these requirements. With this approval, we have taken one more step towards providing firms with the necessary reporting capabilities, and a fully-integrated suite of MiFID II solutions across all their needs and workflows.”

To make regulatory reporting simpler and minimise data reconciliation issues, Bloomberg offers clients the ability to report transactions in all asset classes via one feed directly through Bloomberg’s Regulatory Hub (RHUB). RHUB is a full service platform for regulatory reporting-related requirements connecting to the Bloomberg ARM and APA[1]. RHUB not only helps enrich and validate data to be reported for Bloomberg’s clients, it also helps maintain data consistency throughout the post-trade reporting process by making the same data that is generated in real-time and reported to regulators available for best execution analysis, trade reconciliation and record-keeping.

Fully integrated with all Bloomberg services, RHUB will accept client data from multiple venues through a standard single point of entry for the Bloomberg MiFID II workflow solutions which include:

• Entity Exchange, a KYC solution for onboarding clients and repapering
• Research Management Solutions (RMS) to create, consume and share research
• Order management systems supporting the new MiFID II workflow
• Bloomberg’s MTF for execution
• BTCA, a transaction cost analysis solution for best execution and trade surveillance
• BVault, a surveillance, trade reconstruction and record-keeping solution
• MiFID II market and reference data on the Terminal and via data feeds

[1] BDRSL’s APA and ARM services are pending FCA regulatory authorisation.

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TP ICAP, the world’s largest interdealer broker, has selected Bloomberg Entity Exchange as the chosen platform to help clients register onto new trading venues operated by its broking businesses, including Tullett Prebon and ICAP.

TP ICAP firms have applied to operate Organized Trading Facilities‎ (OTFs) under the MiFID II regulatory regime. MiFID II, which applies across the European Union from 3 January 2018, requires operators of OTFs and other trading venues to collect information about venue users and transactions. It also prescribes information to be given to venue users, including risk disclosures.

Bloomberg Entity Exchange is a secure, web-based electronic platform, which will provide an environment to centralize the exchange of information required by the new rules. ‎It will also facilitate the distribution and management of venue-related documentation, such as rulebooks and policies, as well as contractual documentation.

Nicolas Breteau, Chief Executive, TP ICAP Global Broking, said: “We are pleased to have agreed to this partnership with Bloomberg Entity Exchange, which will help ensure we simplify the repapering process for our clients in our preparation for MiFID II, a regulation which will have far reaching implications for the industry we operate in.

“MiFID II will impose significant requirements on firms to share and collect data from their clients. We want to help our clients to quickly understand what the new rules will mean to their trading relationships, especially around trade execution, reporting and transparency. Partnering with Bloomberg provides us with the opportunity to offer clients and trading partners a combination of innovative technology and dedicated client service.”

“Entity Exchange enables the secure and efficient exchange of information and documentation required for TP ICAP to provide execution services to its customers in compliance with MiFID II,” said Dan Matthies, Global Head of Bloomberg Entity Exchange. “The adoption of Entity Exchange by a globally recognized player such as TP ICAP, and hundreds of brokers and buy-side firms around the world, shows it is satisfying an unmet need for smarter technology to facilitate regulatory compliance without causing significant disruption to workflow.”

The post TP ICAP appoints Bloomberg Entity Exchange for key MiFID II compliance role appeared first on Bloomberg L.P..

Beijing, July 27, 2017 – Bloomberg today announced that it will for the first time, provide global investors with data and analytics for the Chinese securitization market through a partnership with CNABS, a specialized solutions provider in China’s securitization market.

Via the Bloomberg Terminal, investors can now access information of all deals traded on China’s interbank market and exchanges, and review cash flows under different scenarios covering over 600 deals. In addition, investors tracking China’s securitization market can calculate prices and perform risk and investment analysis using Bloomberg’s proven analytics.

“In recent years, China’s securitization market has developed rapidly and is expected in the long-term to play a key role in the country’s quest to internationalize its currency and finance ongoing structural reform,” said Russel Parentela, Global Head of Cash Structured Products at Bloomberg. “We are pleased to work with CNABS to provide more accurate data and sophisticated tools for both Chinese and international investors to analyze this growing market and explore its investment opportunities.”

“China’s securitization market offers international investors unique access to diversified pools of corporate and consumer credit. We are very pleased to work with Bloomberg on this rapidly expanding sector in China,” said Yang Pang, General Manager of CNABS.

Over the last four years, China’s securitization market (including structured finance and structured credit products) has grown rapidly. By the end of 2015, China surpassed the Eurozone in terms of new issuance to become the second largest securitization market, behind the United States. Securitization products in China are listed on the interbank market and exchanges. International investors can invest in these products via QFII, RQFII, CIBM direct access and the recently launched Bond Connect scheme.

Bloomberg users can access the cash flow information via YT<GO> & CFT <GO> on the Bloomberg Terminal.

The post Bloomberg Introduces Data and Analytics to China’s Securitization Market with Local Data Provider appeared first on Bloomberg L.P..

ING is launching proprietary global emerging markets indices, giving its clients a new route to get exposure to emerging markets currencies in a simpler and transparent way.

Bloomberg, the global index provider, is responsible for providing the independent calculation and administration of these indices. In addition to leveraging Bloomberg’s expertise in strategy index development, calculation and administration, ING selected Bloomberg’s BFIX data source to use in the index, as it is an independent benchmark for currency rates that is regularly updated and widely used by the FX market.

Bloomberg ING Global Emerging Markets FX Indices enables clients to focus on how emerging market currencies have performed against the US dollar. The indices track the performance of a basket of 12 equally-weighted emerging market currencies¹ against the US dollar. There will also be both a long-only and long-short versions available to trade. The long-short version enhances returns by applying a volatility based risk filter.

Guy Thomas, Head of FX Rates and Credit Trading, ING said, “We are pleased to offer the Bloomberg ING Global Emerging Markets FX Indices to our clients as it allows them to take exposure to the emerging markets currency asset class in a cost effective, efficient and transparent way.”

Ji Zhuang, Head of Custom Strategies business at Bloomberg said, “We are delighted to support ING UK in launching these emerging markets FX indices. As regulations evolve and investors increasingly demand more benchmark transparency, we are helping firms across the globe turn their investment strategies into indices, and offering outsourcing of in-house index calculation and administration to our managed platform.”

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