{"id":46101,"date":"2022-02-17T12:21:23","date_gmt":"2022-02-17T17:21:23","guid":{"rendered":"https:\/\/www.bloomberg.com\/professional\/insights\/markets\/market-liquidity-risk-product-of-the-year-bloomberg-wins-risk-markets-technology-awards-2022\/"},"modified":"2024-04-24T14:42:07","modified_gmt":"2024-04-24T18:42:07","slug":"market-liquidity-risk-product-of-the-year-bloomberg-wins-risk-markets-technology-awards-2022","status":"publish","type":[3762],"link":"https:\/\/www.bloomberg.com\/professional\/insights\/markets\/market-liquidity-risk-product-of-the-year-bloomberg-wins-risk-markets-technology-awards-2022\/","title":{"rendered":"Market liquidity risk product of the year: Bloomberg wins Risk Markets Technology Awards 2022"},"content":{"rendered":"<div  class=\"bbg-row-container\">\n    <style>section[data-anchor=row-69fcf157d8d6c]::before {\n\t\t\t\tbackground-color: #eeeeee;\n\t\t\t}<\/style>\n    <section class=\"bbg-row bg--custom-color  bg--eeeeee text--black bbg-row--full-bg-bleed\" data-anchor='row-69fcf157d8d6c'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8 bbg-column--valign-bottom\"\n    style=\"\"\n    >\n    <p>    <ul class=\"bbg-categories_list\">\n                    <li>\n                <a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/category\/markets\/\" rel=\"category tag\">\n                    Markets\n                <\/a>\n            <\/li>\n                    <li>\n                <a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/category\/regulation\/\" rel=\"category tag\">\n                    Regulation\n                <\/a>\n            <\/li>\n                    <li>\n                <a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/category\/risk\/\" rel=\"category tag\">\n                    Risk\n                <\/a>\n            <\/li>\n            <\/ul>\n<div\n    class=\"bbg-spacer\"\n        style=\"height: 24px !important\"\n    >\n<\/div>    <h1 class=\"bbg-metadata bbg-metadata--title\">Market liquidity risk product of the year: Bloomberg wins Risk Markets Technology Awards 2022<\/h1>\n<\/p>\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-compact row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-69fcf157e7240'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <p><div\n    class=\"bbg-spacer\"\n        style=\"height: 40px !important\"\n    >\n<\/div><div\n\tclass=\"bb-wysiwyg byline\"\n\t\t>\n\t<p><strong>Risk.net<\/strong><\/p>\n\n<\/div>\n    <p class=\"bbg-metadata bbg-metadata--date\">February 17, 2022<\/p>\n<\/p>\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none bbg-row--full-bg-bleed\" data-anchor='row-69fcf157ed35c'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <p><div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><em>Bloomberg wins Risk Markets Technology Awards 2022: Market liquidity risk product of the year<\/em><\/p>\n<p>Compared with credit risk and market risk, accurate measurement of liquidity risk remains a significant challenge across the financial industry. This is a growing concern as regulators worldwide strengthen their focus on market liquidity and liquidity risk frameworks. Firms need to be able to quantify liquidity risk and generate accurate, defendable metrics, not only for compliance but also for internal portfolio assessment and investor reporting. The monitoring of market liquidity and asset\/liability mismatches now forms an intrinsic part of many firms&#8217; risk management frameworks.<\/p>\n<p>Illiquid and opaque markets are a major challenge for liquidity risk management. Bloomberg\u2019s Liquidity Assessment (LQA) solution uses advanced financial models to accommodate a wider universe of securities, including those with no available data or little-to-no recent trading activity. By training the model on a large database of executed trades from a variety of sources globally, the model is calibrated daily to quickly capture changing market conditions. This meant that LQA consistently produced accurate results during the extreme and unexpected market events over the past two years.<\/p>\n\n<\/div>\n<div class=\"bbg-interstitial\" aria-label=\"interstitial\" tabindex=\"0\">\n\t<style>\n\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\tbackground:rgba(0,0,0,0);\n\t\t\tpadding: 104px;\n\t\t\t\n\t\t\t\n\t\t}\n\t\t.bbg-interstitial #card_1.bbg-card_hasCta .bbg-card__content, .bbg-interstitial #card_1.bbg-card_hasCta .bbg-card__content p{\n\t\t\tcolor:inherit;\n\t\t}\n\t\t@media (max-width: 768px) {\n\t\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\t\tpadding: 80px 32px;\n\t\t\t}\n\t\t}\n\t\t@media (max-width: 480px) {\n\t\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\t\tpadding: 80px 18px;\n\t\t\t}\n\t\t}\n\t<\/style>\n\t<div class=\"wpb_content_element bbg-card  bbg-card-dark bbg-card_hasCta has_interstitial\" id=\"card_1\" data-card_type=\"no_image\">\n  \n  \n  <div class=\"bbg-card__innerwrapper\">\n    <div class=\"bbg-card__content\">\n      \n      \n                      <h3 class=\"bbg-card__title\">Bloomberg LQA<\/h3>\n      \n              <div class=\"bbg-card__wysiwyg bb-wysiwyg\"><p>Learn more<\/p>\n<\/div>\n          <\/div>\n\n          \n<div\n  id=\"cta_1985519429860424173\"\n  class=\"wpb_content_element bbg-cta icon icon-arrow\">\n  <style>\n    \n    \n    \n  <\/style>\n  <div\n    class=\"bbg-cta-link link-holder\"\n    data-links-type=\"cta-links\">\n    <p class=\"bbg-cta-p right\">\n      <a\n        class=\"bbg-cta-link link interstitial_cta\"\n        href=\"https:\/\/www.bloomberg.com\/professional\/products\/risk\/lqa\/\"\n        target=\"_blank\"\n        rel=\"\"\n        data-section-name=\"\"\n                role=\"button\"\n        aria-label=\"Learn more\"\n        >\n                <\/a>\n    <\/p>\n  <\/div>\n<\/div>\n\n      <\/div>\n\n  <\/div>\n\n<\/div>\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p>Because every asset class has different trading styles and market nuances, Bloomberg created asset-class-specific models to reflect different underlying conditions. All LQA&#8217;s liquidity metrics for cost, horizon and volume are consistent and comparable making it easy to use and aggregate across diverse portfolios.<\/p>\n<p>A team of data scientists monitor LQA output, with robust back-testing to track and validate the model\u2019s performance and support clients\u2019 model validation procedures. The model can be customised to cater for a firm-specific view and increasingly to support stress\/scenario testing. In addition to stressing underlying market conditions at the security level, clients can request transaction-level output metrics based upon different percentiles of liquidation cost and horizon distributions. This allows clients to better simulate &#8216;tail events&#8217;. This is particularly useful when building limit monitoring frameworks and responding to regulator demand for stress scenario outputs where greater flexibility than a simple default output may be required.<\/p>\n<p>In the last 12 months, Bloomberg has made several enhancements to LQA including:<\/p>\n<ul>\n<li>Developing a new suite of metrics that provide more transparency on actual trading volumes of exchange traded funds, and their implied liquidity.<\/li>\n<li>Expanding the LQA model to include coverage for collateralised loan obligations (CLOs). This has been done by partnering with experts in this sector to onboard high-quality pricing data for CLOs and to integrate that data into Bloomberg\u2019s liquidity assessment framework.<\/li>\n<li>Expanding LQA&#8217;s functionality to support the upcoming liquidity assessment guidelines from the Japan Financial Services Agency.<\/li>\n<li>Enhancing LQA&#8217;s models to improve the quality and coverage of liquidity metrics. This includes integrating additional data sources and incorporating more advanced quantitative modelling techniques, like leveraging deep neural networks to predict available volume.<\/li>\n<\/ul>\n<p><strong>Judges said: <\/strong><\/p>\n<ul>\n<li>\u201cLQA\u2019s use of sophisticated modelling techniques to fill the gaps where there is simply no data available creates a potentially very strong tool.\u201d<\/li>\n<li>\u201cVery strong market liquidity product with a data-driven approach and back-testing evidence.\u201d<\/li>\n<\/ul>\n\n<\/div>\n<div id=\"\" class=\"wpb_content_element bbg-single-image align-center\">\n    <figure class=\"bbg-single-image__figure\" style=\"max-width:300px\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"552\" height=\"414\" src=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/Zane-Van-Dusen-4149.jpg\" class=\"bbg-single-image__image attachment-medium\" alt=\"Zane Van Dusen, Head of Risk &amp; Investment Analytics products at Bloomberg\" title=\"Zane Van Dusen\" srcset=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/Zane-Van-Dusen-4149.jpg 552w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/Zane-Van-Dusen-4149.jpg 800w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/Zane-Van-Dusen-4149.jpg 768w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/Zane-Van-Dusen-4149.jpg 1536w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/Zane-Van-Dusen-4149.jpg 600w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/Zane-Van-Dusen-4149.jpg 1600w\" sizes=\"auto, (max-width: 552px) 100vw, 552px\" \/>\n        \n                <figcaption class=\"bbg-single-image__caption\" style=\"text-align: left\">\n                Zane Van Dusen, Head of Risk &amp; Investment Analytics products at Bloomberg\n        <\/figcaption>\n            <\/figure>\n<\/div>\n\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><strong>Zane Van Dusen, Head of Risk &amp; Investment Analytics products at Bloomberg, says:\u00a0 <\/strong><\/p>\n<p>\u201cWe\u2019re honoured to have LQA recognised as the market liquidity risk product of the year in the Risk Market Technology awards for the third year in a row. LQA has become an increasingly integral part of our clients\u2019 risk frameworks by providing an easy-to-use solution for the ongoing challenge of assessing market liquidity. In addition to regulatory compliance, we are excited to see our clients finding innovative ways to leverage LQA throughout the full trade life cycle including pre-trade to proactively manage liquidity risk.\u201d<\/p>\n<p><em>This article was reproduced from\u00a0<a class=\"css-uzbvli\" href=\"https:\/\/www.risk.net\/\" target=\"_blank\" rel=\"noopener noreferrer\">Risk.net<\/a><\/em>.<\/p>\n\n<\/div>\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <style>section[data-anchor=row-69fcf15810bc4]::before {\n\t\t\t\tbackground-color: #eeeeee;\n\t\t\t}<\/style>\n    <section class=\"bbg-row bg--custom-color  bg--eeeeee text--black bbg-row--full-bg-bleed\" data-anchor='row-69fcf15810bc4'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <div\n    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