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Indosuez Wealth Management becomes first bank to automate ETF trading with Bloomberg Rule Builder


WEBWIRE

Bloomberg announced that Indosuez Wealth Management, the global wealth management brand of Crédit Agricole Group, has adopted Rule Builder to enhance the bank’s operational efficiency across the ETF trading desks.

Following a pilot-testing period with Bloomberg, Indosuez Wealth Management is the first customer to adopt Bloomberg’s powerful Rule Builder for ETFs, which facilitates automated trading via its RFQe solution. Rule Builder helps traders automate vanilla low touch trades and administrative tasks, freeing up their time to focus on complex, high touch trades and strategic decision-making. Also available for fixed income, FX, equities and futures, Rule Builder is part of Bloomberg’s suite of automation tools that help firms boost their productivity.

Cyrille Nahabedian, Head of Capital Markets Solutions of Indosuez Wealth Management, commented: “The ongoing enhancement of services for the benefit of our clients is one of our biggest priorities. There are clear benefits to automating ETF trading, as this type of operation is highly requested by our customers and part of our daily activities. Since using Rule Builder, we have seen a significant increase in order flow, as well as a marked improvement in the quality of trade execution. To adapt the tool to our specific needs and those of our clients, an important step has been to work together with Bloomberg as they built the Rule Builder functionality. We are proud to be the first bank to benefit from this new service.”

Ravi Sawhney, Global head of trade automation and analytics at Bloomberg, said: “We are focused on increasing efficiency across the trading workflow, and are pleased that Indosuez Wealth Management is benefitting from using Rule Builder. The strength of our solution is that it allows firms to deploy automation quickly and easily, by writing automation rules directly on the Bloomberg Terminal resulting in seamless trade execution on our systems, which alleviates the need to integrate the technology into their own in-house systems.”

Indosuez Wealth Management already uses Bloomberg’s equities execution management system, EMSX, and BTCA, Bloomberg’s transaction cost analysis solution.

Bloomberg’s Rule Builder is a trade automation solution for fixed income, FX and ETFs, equities and futures. The product will allow Indosuez traders to use a no-code solution to break down incoming order flow into ‘high’ and ‘low’ touch, where traders can set rules for low touch orders to be executed on Bloomberg venues without additional manual intervention. In addition, Rule Builder uses real-time and historical analytics to help traders more systematically decide which dealers receive RFQs and at what level to execute against, helping to ensure compliance with Indosuez’s best execution policies. Rule Builder’s settings can now be analysed in BTCA to enable traders to evaluate and optimise their performance even further.

A French version of the press release is available on this link: Indosuez Wealth Management devient la première banque à automatiser la négociation d’ETF avec la solution Rule Builder de Bloomberg

About Bloomberg

Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Terminal. Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit www.bloomberg.com/company or request a demo.

About Indosuez Wealth Management

Indosuez Wealth Management is the global wealth management brand of Crédit Agricole group, ranked 10th in the world in terms of total assets (The Banker – July 2020, based on results at the end of 2019).

Shaped by more than 145 years of experience supporting families and entrepreneurs around the world, Indosuez Wealth Management offers a tailor-made approach that allows our clients to build, manage, protect and pass on their wealth according to their goals and ambitions. Its teams take a comprehensive view and provide expert advice and exceptional service, offering a wide range of services for the management of both personal and business assets.

Renowned for its international reach combined with a human scale, Indosuez Wealth Management has 3,060 employees in 13 locations around the world, in Europe (Belgium, France, Italy, Luxembourg, Monaco, Spain and Switzerland), Asia-Pacific (Hong Kong SAR, New Caledonia and Singapore), the Middle East (United Arab Emirates) and the Americas (Brazil, Miami and Uruguay).

With 128 billion euros in assets under management (as at 31/12/2020), Indosuez Wealth Management is one of the global leaders in wealth management.

www.ca-indosuez.com


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