Bloomberg Climbs to the Top 10 in Chartis RiskTech100 Ranking and Wins Five Category Awards

Bloomberg is pleased to announce that it has placed #10 overall in the latest installment of the Chartis RiskTech100. The RiskTech100 is a comprehensive independent study of major players in risk and compliance technology, which ranks the top 100 risk technology providers and identifies the top players in specific risk and compliance categories. The rankings and category awards were announced at the 2023 RiskTech100 ceremony hosted from November 16-18.

In addition to being ranked #10 in the RiskTech100, Bloomberg also won the following category awards: 

• Overall Leader for Buy-side Firms
• Innovation: Evaluated Pricing
• Evaluated Pricing and Data: Fixed Income
• Credit Data: Corporate Bonds
• Credit Data: Credit Curves

“We are honored to make the top 10 for this year’s RiskTech100 ranking. Risk solutions continue to be top of mind for our clients across the buy and sell side. To best position them for their various workflows, we are constantly finding new ways to provide clients the risk management tools and analytics required to meet regulatory needs and streamline processes,” said Jose Ribas, Global Head of Risk and Pricing at Bloomberg. “This placement helps recognize the hard work of our teams and is a testament to our focus on continuing to deliver meaningful solutions to our clients and the industry.”

Bloomberg continues to stand out for its leading buy-side solutions, assisting clients with mitigating challenges and supporting their end to end workflows. The Overall Leader for Buy-side win follows Bloomberg’s #1 placement in the 2022 Chartis RiskTech Buyside 50 ranking and report. 

This is also the fourth consecutive year that Bloomberg’s evaluated pricing service, BVAL, has won the category award for Evaluated Pricing and Data: Fixed Income. BVAL further earned the category award for Innovation: Evaluated Pricing in recognition of the service’s transparent valuation process and sophisticated methodology providing pricing for over 2.8 million fixed income securities. BVAL does this for all asset classes across the liquidity spectrum, including thinly traded and hard-to-price instruments.

“When markets change as swiftly and at such magnitude as we have seen this year, clients need a provider that can lead with technology and models, and innovate to provide the latest data. Thanks to scalable technology, flexible methodologies, and market experts, BVAL helps clients cut through the complexity with reliable pricing that’s digestible and transparent so they can make decisions with confidence,” said Stephanie Sparvero, Global Head of Bloomberg’s Evaluated Pricing Service – BVAL. “We’re honored our team’s unwavering focus on providing transparent, reliable evaluated pricing and constant innovation has been recognized in these awards for the fourth year in a row.”

Bloomberg also won category awards for Credit Data: Corporate Bonds and for Credit Data: Credit Curves, two newly introduced categories to the RiskTech100. These wins highlight the strength of Bloomberg’s growing portfolio of credit risk datasets and tools, including: transparent and timely quantitative estimates of credit risk, loss provisions adhering to international and US accounting rules (IFRS9 and CECL, respectively), credit curve management infrastructure, as well as coverage of illiquid reference entities. These defined CDS curves can then be used as a firmwide, client-defined CDS pricing source for calculating Credit Value Adjustment (CVA) metrics and credit risk on bonds, CDS, converts, preferreds and structured notes.

Bloomberg’s overall company ranking has steadily risen 39 places since it began participating in 2015, indicative of the firm’s continuous commitment to solving risk management challenges for clients. Award winners are selected based on their submissions to the Chartis RiskTech100, a comprehensive analysis which aggregates information from in-depth vendor briefings and discussions with risk technology buyers and end users. The final determination then comes from the Research Directors and Lead Analysts at Chartis Research.

“Continued robust performance in several key areas is reflected in Bloomberg’s move into the top 10 in this year’s ranking,” said Sid Dash, Research Director at Chartis. “Alongside growing strength in regulatory datasets and expanded functionality of its core Terminal functions, it has also bolstered its API capabilities.”

Click here for more information on Bloomberg’s Chartis RiskTech100 Award Wins.