Bloomberg Wins Three Awards at the 2023 Risk Market Technology Awards

Bloomberg took home three awards at this year’s Risk Market Technology Awards, which celebrate excellence in risk market technology. Bloomberg was recognized across a range of risk management and risk transfer solutions with wins for Market Liquidity Risk Product of the year, Pricing and Analytics: Structured Products/Cross-Asset, and Best Support for Risk Free Rates.

This marks the fourth time in a row that Bloomberg’s Liquidity Assessment Solution, LQA, won the category award for Market Liquidity Risk Product of the Year. Using a data-driven approach, LQA provides clients with a quantitative evaluation of market liquidity that is calibrated daily to quickly capture changing market conditions across multiple asset classes streamlining regulatory compliance, risk management, and investment processes.

“LQA has become an increasingly integral part of our clients’ risk frameworks by providing consistent and reliable analytics for the ongoing challenge of assessing liquidity in the current market environment and under hypothetical scenarios,” said Zane Van Dusen, Global Head of Risk & Investment Analytics Products at Bloomberg. “We’re honored to be recognized with this category award again in 2023.”

This is also the third time that Bloomberg has won the Pricing & Analytics: Structured Products/Cross Asset award. This recognizes the firm’s focus on providing clients with a singular solution for the buy- and sell-side that makes trading and managing structured products and various asset classes a seamless process. In addition, Bloomberg enhances clients’ knowledge of structured products with its Derivatives Library (DLIB), which details major aspects of a deal that are used at inception and help inform secondary market trading.

“Bloomberg’s continued focus on client needs and the development of innovative solutions for structured products has helped us win this award for a third time,” said Chase Van Der Rhoer, Head of Structured Pricing and Derivatives at Bloomberg. “As clients navigate changing market conditions they rely on Bloomberg and our commitment to deliver reliable data and in-depth analytics to manage their risk.”

Bloomberg winning the Best Support for Risk Free Rates award also highlights the firm’s continued investment into easing clients’ LIBOR transition efforts, and follows a win for Best Support for LIBOR Reform at the 2022 Risk awards. By introducing tools to help firms adopt RFRs including SOFR, SONIA, TONA, SARON, THBFIX and SORA, Bloomberg helps ensure clients have access to analytics and portfolio solutions for a smooth move away from LIBOR.

“Each client’s needs are unique, and our focus is on providing transparency and optionality as they continue to adopt RFRs,” said Ben Bullock, Interest Rate Derivatives Product Manager at Bloomberg. “As the end of June 2023 deadline approaches, we are sourcing best practices from our global client base, and combining our analytics and portfolio solutions to help clients continue business as usual in an RFR world.”

Whether assessing market risk, counterparty risk, liquidity risk, operational risk, regulatory risk or overall portfolio risk management, Bloomberg’s suite of Risk offerings provide the buy-side and sell-side with a fully integrated and comprehensive solution. Functionality and underlying data can be accessed via the Bloomberg Terminal or licensed via Bloomberg Enterprise Data.