Credicorp Capital Adopts Bloomberg Trade Order Management System

 TOMS will help expand sell- side operations in Chile, Colombia and Peru  

Credicorp Capital, one of the largest financial services holding companies in the region, has adopted Bloomberg’s Trade Order Management System (TOMS). TOMS will help Credicorp Capital expand sell-side operations.

Credicorp Capital’s Trading Desk operations in Peru, Chile and Colombia, will use Bloomberg’s TOMS to improve their internal workflow and expand volume by leveraging Bloomberg’s electronic distribution platform ALLQ for fixed income trading for over-the-counter Latin America Corporate and Sovereign Debt.

“Credicorp Capital is confident that this Bloomberg technology will add substantial value to our company and clients, and allow us to expand our services in Chile, Colombia and Peru,” said Hugo Horta, Head of Capital Markets of Credicorp Capital.

Robert Friend, Bloomberg Global Head of Sell-side solutions and Research, said, “We are delighted that Credicorp has chosen Bloomberg’s Trading Order Management System. As electronic trading in the fixed income markets is expected to grow globally, sell-side firms are increasingly looking for solutions that optimize their entire workflow and give them access to liquidity platforms.”

“Bloomberg’s TOMS helps generate revenue, drive efficiency, increase global distribution, and manage risk and compliance,” Geraldo Coelho, Bloomberg South America Business Executive, said, adding, “TOMS is fully integrated with the Bloomberg Terminal, so Credicorp Capital can also see our award-winning news, data and analytics.”

TOMS will allow Credicorp Capital to:

• manage position, profit and loss, and risk in real time
• offer bonds electronically via Bloomberg’s ALLQ platform that shows price comparisons, single-dealer pages and allows trading on live-streaming prices
• conduct post-trade allocation automatically and streamline post-trade workflow
• move Bloomberg’s voice trade confirmations (VCON) into the TOMS blotter

The system provides multi-asset coverage with workflows for trading and sales, manages inventory and P&L activity.  It also provides enterprise technology including electronic trading tools and connects to the largest network of buy-side and sell-side investors.
Most importantly, TOMS provides global regulatory reporting and connectivity to electronic fixed income markets in the Latin America, U.S. and Europe.

For more information on TOMS, go to www.bloomberg.com/professional

About Credicorp

Credicorp Capital is a group of companies able to offer its clients a substantial value proposition based on its experience and capabilities in the MILA region, which is by now the extended home market for many Peruvian, Colombian and Chilean companies. This region is offering global institutional investors some of the most attractive investment opportunities within the Emerging Markets.

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 or request a demo.