The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Bloomberg Should Succeed in Evals Business, TowerGroup Says

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.

Related content

WEBINAR

Recorded Webinar: Brexit: Reviewing the regulatory landscape and the data management response

With Brexit behind us and the UK establishing its own regulatory regime having failed to reach equivalence with the EU, financial firms face challenges of double reporting, uncertainty about UK regulation, and a potential exodus of top talent. The data management response is not easy and could stretch some firms to the limit as they...

BLOG

Alveo and AquaQ Partner to Integrate Alveo Prime with AquaQ kdb+

Alveo and AquaQ Analytics have partnered to offer advanced data management and analytics for financial services firms. An early deliverable is the integration of Alveo’s Prime data mastering and data quality management solution with AquaQ’s kdb+ data capture solution. The bi-directional integration allows users to take mastered pricing and reference data from Prime into kdb+...

EVENT

Data Management Summit London

DMS London brings together the European data management community to explore the latest challenges, opportunities and data innovations facing sell side and buy side financial institutions.

GUIDE

Regulatory Data Handbook 2014

Welcome to the inaugural edition of the A-Team Regulatory Data Handbook. We trust you’ll find this guide a useful addition to the resources at your disposal as you navigate the maze of emerging regulations that are making ever more strenuous reporting demands on financial institutions everywhere. In putting the Handbook together, our rationale has been...