{"id":33435,"date":"2023-10-09T08:18:20","date_gmt":"2023-10-09T12:18:20","guid":{"rendered":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-wins-two-awards-at-the-2023-srp-americas-awards\/"},"modified":"2024-09-26T11:54:29","modified_gmt":"2024-09-26T15:54:29","slug":"bloomberg-wins-two-awards-at-the-2023-srp-americas-awards","status":"publish","type":"press","link":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-wins-two-awards-at-the-2023-srp-americas-awards\/","title":{"rendered":"Bloomberg Wins Two Awards at the 2023 SRP Americas Awards"},"content":{"rendered":"
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Bloomberg is proud to announce that it has won two awards at the 2023 Structured Retail Products (SRP) Americas Awards. Bloomberg was named Best Technology Provider as well as Best Pricing and Risk Analytics Provider, marking the second consecutive time winning both categories. This also follows a recent win in this year\u2019s SRP Europe Awards for Best Pricing and Risk Analytics Provider.<\/p>\n

The SRP awards recognize players on all sides of the structured products industry, with honorees spanning manufactures, distributors and providers. These wins reinforce Bloomberg\u2019s ability to seamlessly manage risk for a wide array of asset classes and enhance operational efficiency across the entire workflow through from pre to post trade.<\/p>\n

Bloomberg\u2019s structured products solution is part of its Multi-Asset Risk System (MARS), a suite of risk management tools designed to assess and manage exposure for firms from front to back office. The extensive Derivatives Library (DLIB), which sits within MARS enables users at all levels to structure, price and share trade deals as well as aggregate portfolios and perform scenario analysis and backtesting, all in one place.<\/p>\n

Additionally, the use of artificial intelligence (AI) and machine learning (ML) have contributed to the solution\u2019s success. \u201cBloomberg\u2019s underlying machine learning tools play an integral part in its efficiency,\u201d said Chase van der Rhoer, Head of Structured Products & Derivatives Pricing at Bloomberg. \u201cBy using ML techniques alongside natural language processing (NLP) algorithms, we are able to flag inconsistencies and separate reliable sources of data from the unreliable.\u201d<\/p>\n

The solution also helps clients with regulatory compliance. As clients approached the USD Libor cessation deadline of June 2023, Bloomberg supported risk-free-rate (RFR)-based underlyings allowing clients to use DLIB for RFR-based structured notes. To satisfy the Packaged Retail & Insurance-based Investment Products (PRIIPs) regulatory requirements, Bloomberg\u2019s DLIB solution provides a flexible methodology, enabling clients to customize the offering to best suit their use-case.<\/p>\n

\u201cThese wins are a testament to our continued effort to provide a reliable, well-rounded offering,\u201d Chase continued. \u201cWith our high-quality data underpinning our solution, we will continue to supply clients with robust analytics and support to meet their regulatory needs.\u201d<\/p>\n

Click here<\/a> to learn more about Bloomberg Structured Products offering and its broader Risk solutions.<\/p>\n\n<\/div>\n\n<\/div>\n\n\t\t\n\t<\/div>\n<\/div>\n

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\n\t\n<\/div>\n\n\n\t\t\n\t<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"Bloomberg is proud to announce that it has won two awards at the 2023 Structured Retail Products (SRP) Americas Awards. Bloomberg was named Best Technology Provider as well as Best Pricing and Risk Analytics Provider, marking the second consecutive time winning both categories. 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