Germany based Baader Bank AG to Automate Equities Trading with RBLD

Bloomberg has announced that Baader Bank AG, an investment bank in Germany, has adopted Bloomberg’s Rule Builder (RBLD), in order to automate its equities trading processes and streamline the performance of the company’s buy-side trading desk by leveraging key insights obtained from Bloomberg Transaction Cost Analysis (BTCA).

Baader Bank’s asset management services team reportedly supports the company’s buy-side clients, including fund managers, asset managers and other investment services, with trading solutions across different asset classes.

Baader Bank has decided to adopt RBLD to use along with Bloomberg BTCA for their Listed Equities trading book to automate various procedures, boost the speed of trade execution, and effectively benchmark performance, leading to measurable trade performance improvements for its asset management customers.

RBLD is described as a multi-asset automated trading solution for Listed Equities, ETFs, Futures, Fixed Income as well as FX.

The solution provides clients who are integrated into one of Bloomberg’s execution management systems a way to deploy and avail the benefits automation may provide, such as greater speed and accuracy in trading and allowing more time to give to customers and complex workflows.

RBLD enables users to quickly create, share, modify, enable/disable auto-routing rules that automate actions on selected orders.

Rules are created within the Bloomberg Terminal and may benefit from the wealth of data available in their creation.

Andreas Nomrowski, Head of Asset Management & Services, Baader Bank, stated:

“The higher efficiency due to the integration of RBLD in our trading desk workflow gives us valuable additional resources to scale our asset management services business line.”

RBLD expands the range of Bloomberg solutions being used by Baader Bank, which reportedly includes EMSX, Bloomberg’s execution management system for equities, futures and options, and Bloomberg AIM, a leading buy-side order management system.

Baader Bank’s asset management services team utilizes BTCA, a multi-asset transaction cost analysis offering which, along with RBLD, shows that automation may yield execution performance alpha as well as saving traders’ time.

As noted in the update, these Bloomberg solutions provide their benefits to Baader Bank as an integrated workflow.

Ravi Sawhney, Global Head of Trade Automation & Analytics at Bloomberg, remarked:

“As trading becomes increasingly automated, it is essential that our clients have tools that will yield execution performance alpha and continuously optimize how traders spend their time. We look forward to our continued partnership with Baader Bank helping them become more productive and successful.”

As noted in the announcement, Baader Bank AG is the bank for the capital market.

It allows its customers to access global capital markets and to invest in financial products in an effective manner.

The banking institution leverages various innovations in the industry for products, processes and tech to provide added value for its customers.

As a family-run, full-service bank with its head offices in Unterschleissheim near Munich with around 400 workers, it’s currently active in the business segments of Market Making, Capital Markets, Multi-Asset Brokerage, Asset Management Services, Banking Services, and Research.

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