Bloomberg TRADEBOOK LLC · New York, NY United States
Company Description
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This link will open in a new window Bloomberg TRADEBOOK is a leading ECN (electronic communication network), providing institutional traders and broker-dealers with direct and anonymous access to equities, fixed income, futures, options, commodities, and foreign exchange markets. It offers its customers the ability to connect directly to more than 60 global exchanges, bypassing market makers and specialists. The company also provides clients with news, financial data, and analytics supplied by its parent company, Bloomberg . Trade execution and settlement services are performed by affiliates of UBS and The Bank of New York Mellon . Bloomberg TRADEBOOK was founded in 1996 and has offices in financial capitals around the globe. To read the full description, subscribe now.
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Key Bloomberg TRADEBOOK LLC Financials
| Company Type | Subsidiary Single Location |
| Fiscal Year-End | December |
| Employees | 120 |
Bloomberg TRADEBOOK LLC Executives
2 executives listed for Bloomberg TRADEBOOK LLC's New York, NY location.
| Title | Name & Bio | Contact |
| President and CEO | Kim Bang | Network |
| Director North American Sales | Ken Napolitano | Network |
Competition
Competitive Landscape for Bloomberg TRADEBOOK LLC
Demand is driven by economic activity that results in company mergers, acquisitions, or public financing. The profitability of an investment bank depends on its ability to accurately assess both the value of a business transaction and the readiness of the market to buy the attendant debt or equity. Big firms have an advantage because large customer transactions require firms with substantial financial resources. Small investment banks can compete by participating in syndications and operating in regional markets or specialized industries. Although labor-intensive, the industry produces very high value: average annual revenue per employee at large firms is under $1 million. The global financial crisis of 2008-2009 dramatically altered the landscape of the investment banking industry. Morgan Stanley and Goldman Sachs, the only large firms still intact, have changed their status from investment banks to bank-holding companies. Both firms still engage primarily in investment banking, but former industry leaders such as Bear Stearns, Merrill Lynch, and Lehman Brothers have either been acquired or have filed for bankruptcy protection. The demise of these firms and the late 2000s recession have likely ushered in a new era in which the creation of innovative but risky financial instruments will be replaced by more traditional banking services. The new environment also means more industry oversight by the federal government, which had to step in and bail out dozens of financial services firms with billions of dollars of taxpayers' money. To read the full description, subscribe now.Top Bloomberg TRADEBOOK LLC Competitors
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