How to Get a Competitive Advantage in Fixed Income – FixtHub
August 10, 2017 \ 1 Comment
Full Article: FixTHub
Many fixed income firms are gaining a massive competitive advantage by structuring Bloomberg messages to find more trades and to find them before competitors.
Unstructured BBG messages are an incredibly inefficient way to communicate axes. The rise of Neptune underscores that. However, BBG does a disservice to itself to silo off its message data from other market axes via messages and IMGR. At the same time as they create a barrier, parsing is an extremely cheap and easy way to circumvent that barrier. Unstructured messages and using parsing to structure them outside of IMGR yields some interesting tidbits. This data has been sale for at least 10 years, and if memory serves me correctly, 15 years. You see, the content in them is gold.… Read more »
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