About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Bloomberg Should Succeed in Evals Business, TowerGroup Says

Subscribe to our newsletter

Bloomberg is likely to enter the evaluations business this year, and when it does make a proper attempt on the market, will probably have “reasonable” success.

This is the view of TowerGroup analyst Matt Nelson, who presented the findings of the analyst’s recent report on the providers of evaluated pricing at the recent Technology Solutions for Asset Managers event in London.

Nelson described Bloomberg as the “best kept secret” of the evaluations business. As first reported in Reference Data Review in April 2006, Bloomberg has been quietly building an evaluations service for some time, and had hired John Lynch, ex of EJV, to spearhead the effort – although he left shortly afterwards, reportedly over a disagreement about the revenue targets Bloomberg had set for the activity (Reference Data Review, September 2006). Other evaluations veterans are rumoured to have joined and left Bloomberg since that time, but, though the vendor itself remains characteristically tight-lipped about the timing of its launch, it continues to hire evaluations staff – recently advertising for people with experience in valuing mortgage and asset-backed instruments in New Jersey and New York.

According to Nelson, Bloomberg will be joining a business that is “fully matured”, despite the fact that evaluated prices are still less well accepted in Europe and Asia than they are in North America. Commenting on the incumbent providers, Nelson said the TowerGroup survey found that Interactive Data – still by far the dominant provider of evaluated prices – has strong global coverage and good support. He continued that the TowerGroup research suggests Reuters’ focus on the technology and support behind its evaluated pricing businesses leaves something to be desired, though he added that its efforts in Asia should pay off in the long term – as should Standard & Poor’s focus on Europe in the near-term. 

Going forward, the market should expect to see more partnerships between evaluations providers, and potentially some acquisitions, Nelson said, leaving delegates with the rather obvious advice that they should “choose vendors with strengths in (their) particular area.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

Leaving Money on the Table: Busting the Myths of North American Securities Class Action Claims for European Investors

North American securities class actions, particularly within the United States, represent one of the most developed frameworks globally for shareholder redress. Operating on an opt-out basis, this passive participation model automatically includes eligible investors, including those based in Europe, allowing them to obtain compensation without initiating litigation. Despite the fact that billions of dollars are...

EVENT

TEST Event page 1

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

The DORA Implementation Playbook: A Practitioner’s Guide to Demonstrating Resilience Beyond the Deadline

The Digital Operational Resilience Act (DORA) has fundamentally reshaped the European Union’s financial regulatory landscape, with its full application beginning on January 17, 2025. This regulation goes beyond traditional risk management, explicitly acknowledging that digital incidents can threaten the stability of the entire financial system. As the deadline has passed, the focus is now shifting...