Ballista Added To Bloomberg’s Execution Management System
March 5, 2010
Ballista Securities, operator of the Ballista Alternative Trading System (ATS) for block options, has integrated with Bloomberg’s Execution Management System (EMSX), Ballista announced Thursday.
Bloomberg EMSX users will be able to access the Ballista ATS immediately via the function EMSX on the BLOOMBERG PROFESSIONAL service.
“Bloomberg’s EMSX is relied upon by institutional traders of all types and we are very pleased they are connecting to our ATS,” said Mark Monahan, Ballista’s Chief Executive, adding, “our integration with Bloomberg is another key validation of our model as we continue to automate the block equity options market.”
Bloomberg’s EMSX is a broker-neutral equities, futures, and options trading tool that allows users to route to nearly 2,000 broker-dealer destinations, including over 50 algorithmic suites. EMSX integrates news, indications, and real-time market and portfolio analytics into a customizable workspace so that they can monitor execution quality and improve trading decisions and performance, according to the company.
Ballista ATS offers traders standardization of order-entry for complex order types, user-defined trading filters to manage workflow, and advanced negotiation capability. On June 9 of 2009, Ballista Securities closed a funding round funding round with strategic investors: International Securities Exchange, Knight Capital Group, Morgan Stanley and Susquehanna Growth Equity, LLP.
