{"id":99374,"date":"2024-11-14T11:25:18","date_gmt":"2024-11-14T16:25:18","guid":{"rendered":"https:\/\/www.bloomberg.com\/professional\/insights\/financial-services\/exploring-automated-trading-performance-in-sovereign-and-credit-markets\/"},"modified":"2025-10-21T22:28:56","modified_gmt":"2025-10-22T02:28:56","slug":"exploring-automated-trading-performance-in-sovereign-and-credit-markets","status":"publish","type":[3767],"link":"https:\/\/www.bloomberg.com\/professional\/insights\/financial-services\/exploring-automated-trading-performance-in-sovereign-and-credit-markets\/","title":{"rendered":"Exploring Automated Trading Performance in Sovereign and Credit Markets"},"content":{"rendered":"<div  class=\"bbg-row-container\">\n    <style>section[data-anchor=row-6a01f464955eb]::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 row-padding--bottom-compact bbg-row--full-bg-bleed\" data-anchor='row-6a01f464955eb'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <p>    <ul class=\"bbg-categories_list\">\n                    <li>\n                <a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/category\/financial-services\/\" rel=\"category tag\">\n                    Financial Services\n                <\/a>\n            <\/li>\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\/trading\/\" rel=\"category tag\">\n                    Trading\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\">Exploring Automated Trading Performance in Sovereign and Credit Markets<\/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 bbg-row--full-bg-bleed\" data-anchor='row-6a01f4649ba13'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-7\"\n    style=\"\"\n    >\n    <p><div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p>Trade automation is widely recognized for its benefits, which include reducing trader\u2019s workload, speeding up time to market, and streamlining routing, dealer selection, and execution. However, its impact on trade performance is often underexplored.<\/p>\n<p>In March 2024, Bloomberg published research showing that Bloomberg Rule Builder (RBLD) clients saw better trade performance in listed equity markets. RBLD is a systematic tool that automates orders using customized order validation, dealer selection, and execution rules. In summary, the research found that RBLD clients outperformed manual traders by up to 38% in US markets and 68% in European markets, which is largely attributed to RBLD\u2019s systematic trading approach.<\/p>\n<p>In this report, we apply a similar study to the Fixed Income markets.<\/p>\n\n<\/div>\n\n<div\n  id=\"cta_2889628406350702616\"\n  class=\"wpb_content_element bbg-cta no-icon\">\n  <style>\n    #cta_2889628406350702616.bbg-cta .bbg-cta-link.link-holder .bbg-cta-button {\n    background: #000000 !important;\n\n\n  }\n\n#cta_2889628406350702616.bbg-cta .bbg-cta-link.link-holder .bbg-cta-button:hover {\n    background: #474747 !important;\n\n  }\n    #cta_2889628406350702616.bbg-cta .bbg-cta-link.link-holder .bbg-cta-link {\n\tcolor: #ffffff !important;\n}\n\n#cta_2889628406350702616.bbg-cta .bbg-cta-button__icon-right::after {\n\tcolor: #ffffff !important;\n}\n\n#cta_2889628406350702616.bbg-cta .bbg-cta-button__icon-left::before {\n\tcolor: #ffffff !important;\n}\n\n#cta_2889628406350702616.bbg-cta .bbg-cta-link.link-holder .bbg-cta-link:after {\n\tbackground-color: #ffffff !important;\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 left\">\n      <a\n        class=\"bbg-cta-link link bbg-cta-button large\"\n        href=\"https:\/\/assets.bbhub.io\/promo\/sites\/16\/ETS_Content_FI-RBLD-research-study_BRCH_240924V2_DIGI.pdf\"\n        target=\"_blank\"\n        rel=\"\"\n        data-section-name=\"Download\"\n        >\n                      Download\n                <\/a>\n    <\/p>\n  <\/div>\n<\/div>\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-5\"\n    style=\"\"\n    >\n    \n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In this report we learn more about how U.S. and European equity trading desks that use Bloomberg\u2019s Rule Builder (RBLD) show performance improvement in both automated and manual orders.<\/p>\n","protected":false},"author":1857,"featured_media":128741,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"template-report.php","format":"standard","meta":{"_yoast_wpseo_primary_category":"457","footnotes":""},"categories":[457,453,444],"tags":[],"series":[],"class_list":["post-99374","post","type-post","status-publish","format-standard","hentry","category-financial-services","category-markets","category-trading","type-report"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.11 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Exploring Automated Trading Performance in Sovereign and Credit Markets | Insights | Bloomberg Professional Services<\/title>\n<meta name=\"description\" content=\"In this report we learn more about how U.S. and European equity trading desks that use Bloomberg\u2019s Rule Builder (RBLD) show performance improvement in both automated and manual orders.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bloomberg.com\/professional\/insights\/financial-services\/exploring-automated-trading-performance-in-sovereign-and-credit-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exploring Automated Trading Performance in Sovereign and Credit Markets | Insights | Bloomberg Professional Services\" \/>\n<meta property=\"og:description\" content=\"In this report we learn more about how U.S. and European equity trading desks that use Bloomberg\u2019s Rule Builder (RBLD) show performance improvement in both automated and manual orders.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bloomberg.com\/professional\/insights\/financial-services\/exploring-automated-trading-performance-in-sovereign-and-credit-markets\/\" \/>\n<meta property=\"og:site_name\" content=\"Bloomberg Professional Services\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/bloomberglp\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-14T16:25:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-22T02:28:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/assets.bbhub.io\/image\/v1\/convert?type=auto&amp;url=https%3A%2F%2Fassets.bbhub.io%2Fprofessional%2Fsites%2F41%2FSingapore_Skyline_Evening_1280x854.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"nparker-nasi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@theterminal\" \/>\n<meta name=\"twitter:site\" content=\"@theterminal\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"nparker-nasi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.bloomberg.com\/professional\/insights\/financial-services\/exploring-automated-trading-performance-in-sovereign-and-credit-markets\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.bloomberg.com\/professional\/insights\/financial-services\/exploring-automated-trading-performance-in-sovereign-and-credit-markets\/\"},\"author\":{\"name\":\"nparker-nasi\",\"@id\":\"https:\/\/www.bloomberg.com\/professional\/#\/schema\/person\/1db0aab589ae826cce953bfdc4a132de\"},\"headline\":\"Exploring Automated Trading Performance in Sovereign and Credit Markets\",\"datePublished\":\"2024-11-14T16:25:18+00:00\",\"dateModified\":\"2025-10-22T02:28:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.bloomberg.com\/professional\/insights\/financial-services\/exploring-automated-trading-performance-in-sovereign-and-credit-markets\/\"},\"wordCount\":\"227\",\"publisher\":{\"@id\":\"https:\/\/www.bloomberg.com\/professional\/#organization\"},\"articleSection\":[\"Financial Services\",\"Markets\",\"Trading\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.bloomberg.com\/professional\/insights\/financial-services\/exploring-automated-trading-performance-in-sovereign-and-credit-markets\/\",\"url\":\"https:\/\/www.bloomberg.com\/professional\/insights\/financial-services\/exploring-automated-trading-performance-in-sovereign-and-credit-markets\/\",\"name\":\"Exploring Automated Trading Performance in Sovereign and Credit Markets | Insights | Bloomberg Professional Services\",\"isPartOf\":{\"@id\":\"https:\/\/www.bloomberg.com\/professional\/#website\"},\"datePublished\":\"2024-11-14T16:25:18+00:00\",\"dateModified\":\"2025-10-22T02:28:56+00:00\",\"description\":\"In this report we learn more about how U.S. and European equity trading desks that use Bloomberg\u2019s Rule Builder (RBLD) show performance improvement in both automated and manual orders.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.bloomberg.com\/professional\/insights\/financial-services\/exploring-automated-trading-performance-in-sovereign-and-credit-markets\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.bloomberg.com\/professional\/#website\",\"url\":\"https:\/\/www.bloomberg.com\/professional\/\",\"name\":\"Bloomberg Professional Services\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.bloomberg.com\/professional\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.bloomberg.com\/professional\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.bloomberg.com\/professional\/#organization\",\"name\":\"Bloomberg Professional Services\",\"url\":\"https:\/\/www.bloomberg.com\/professional\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.bloomberg.com\/professional\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/assets.bbhub.io\/image\/v1\/convert?type=auto&amp;url=https%3A%2F%2Fassets.bbhub.io%2Fprofessional%2Fsites%2F41%2Flogo.png\",\"contentUrl\":\"https:\/\/assets.bbhub.io\/image\/v1\/convert?type=auto&amp;url=https%3A%2F%2Fassets.bbhub.io%2Fprofessional%2Fsites%2F41%2Flogo.png\",\"width\":\"512\",\"height\":\"103\",\"caption\":\"Bloomberg Professional Services\"},\"image\":{\"@id\":\"https:\/\/www.bloomberg.com\/professional\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.instagram.com\/bloomberg\/\",\"https:\/\/www.linkedin.com\/showcase\/bloomberg-professional-service\/\",\"https:\/\/www.facebook.com\/bloomberglp\",\"https:\/\/twitter.com\/theterminal\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.bloomberg.com\/professional\/#\/schema\/person\/1db0aab589ae826cce953bfdc4a132de\",\"name\":\"Bloomberg Professional Services\",\"url\":\"https:\/\/www.bloomberg.com\/professional\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Exploring Automated Trading Performance in Sovereign and Credit Markets | Insights | Bloomberg Professional Services","description":"In this report we learn more about how U.S. and European equity trading desks that use Bloomberg\u2019s Rule Builder (RBLD) show performance improvement in both automated and manual orders.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bloomberg.com\/professional\/insights\/financial-services\/exploring-automated-trading-performance-in-sovereign-and-credit-markets\/","og_locale":"en_US","og_type":"article","og_title":"Exploring Automated Trading Performance in Sovereign and Credit Markets | Insights | Bloomberg Professional Services","og_description":"In this report we learn more about how U.S. and European equity trading desks that use Bloomberg\u2019s Rule Builder (RBLD) show performance improvement in both automated and manual orders.","og_url":"https:\/\/www.bloomberg.com\/professional\/insights\/financial-services\/exploring-automated-trading-performance-in-sovereign-and-credit-markets\/","og_site_name":"Bloomberg Professional Services","article_publisher":"https:\/\/www.facebook.com\/bloomberglp","article_published_time":"2024-11-14T16:25:18+00:00","article_modified_time":"2025-10-22T02:28:56+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/assets.bbhub.io\/image\/v1\/convert?type=auto&amp;url=https%3A%2F%2Fassets.bbhub.io%2Fprofessional%2Fsites%2F41%2FSingapore_Skyline_Evening_1280x854.jpg","type":"image\/jpeg"}],"author":"nparker-nasi","twitter_card":"summary_large_image","twitter_creator":"@theterminal","twitter_site":"@theterminal","twitter_misc":{"Written by":"nparker-nasi","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.bloomberg.com\/professional\/insights\/financial-services\/exploring-automated-trading-performance-in-sovereign-and-credit-markets\/#article","isPartOf":{"@id":"https:\/\/www.bloomberg.com\/professional\/insights\/financial-services\/exploring-automated-trading-performance-in-sovereign-and-credit-markets\/"},"author":{"name":"nparker-nasi","@id":"https:\/\/www.bloomberg.com\/professional\/#\/schema\/person\/1db0aab589ae826cce953bfdc4a132de"},"headline":"Exploring Automated Trading Performance in Sovereign and Credit Markets","datePublished":"2024-11-14T16:25:18+00:00","dateModified":"2025-10-22T02:28:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.bloomberg.com\/professional\/insights\/financial-services\/exploring-automated-trading-performance-in-sovereign-and-credit-markets\/"},"wordCount":"227","publisher":{"@id":"https:\/\/www.bloomberg.com\/professional\/#organization"},"articleSection":["Financial Services","Markets","Trading"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.bloomberg.com\/professional\/insights\/financial-services\/exploring-automated-trading-performance-in-sovereign-and-credit-markets\/","url":"https:\/\/www.bloomberg.com\/professional\/insights\/financial-services\/exploring-automated-trading-performance-in-sovereign-and-credit-markets\/","name":"Exploring Automated Trading Performance in Sovereign and Credit Markets | Insights | Bloomberg Professional Services","isPartOf":{"@id":"https:\/\/www.bloomberg.com\/professional\/#website"},"datePublished":"2024-11-14T16:25:18+00:00","dateModified":"2025-10-22T02:28:56+00:00","description":"In this report we learn more about how U.S. and European equity trading desks that use Bloomberg\u2019s Rule Builder (RBLD) show performance improvement in both automated and manual orders.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bloomberg.com\/professional\/insights\/financial-services\/exploring-automated-trading-performance-in-sovereign-and-credit-markets\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.bloomberg.com\/professional\/#website","url":"https:\/\/www.bloomberg.com\/professional\/","name":"Bloomberg Professional Services","description":"","publisher":{"@id":"https:\/\/www.bloomberg.com\/professional\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bloomberg.com\/professional\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.bloomberg.com\/professional\/#organization","name":"Bloomberg Professional Services","url":"https:\/\/www.bloomberg.com\/professional\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bloomberg.com\/professional\/#\/schema\/logo\/image\/","url":"https:\/\/assets.bbhub.io\/image\/v1\/convert?type=auto&amp;url=https%3A%2F%2Fassets.bbhub.io%2Fprofessional%2Fsites%2F41%2Flogo.png","contentUrl":"https:\/\/assets.bbhub.io\/image\/v1\/convert?type=auto&amp;url=https%3A%2F%2Fassets.bbhub.io%2Fprofessional%2Fsites%2F41%2Flogo.png","width":"512","height":"103","caption":"Bloomberg Professional Services"},"image":{"@id":"https:\/\/www.bloomberg.com\/professional\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.instagram.com\/bloomberg\/","https:\/\/www.linkedin.com\/showcase\/bloomberg-professional-service\/","https:\/\/www.facebook.com\/bloomberglp","https:\/\/twitter.com\/theterminal"]},{"@type":"Person","@id":"https:\/\/www.bloomberg.com\/professional\/#\/schema\/person\/1db0aab589ae826cce953bfdc4a132de","name":"Bloomberg Professional Services","url":"https:\/\/www.bloomberg.com\/professional"}]}},"_links":{"self":[{"href":"https:\/\/www.bloomberg.com\/professional\/wp-json\/wp\/v2\/posts\/99374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloomberg.com\/professional\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloomberg.com\/professional\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloomberg.com\/professional\/wp-json\/wp\/v2\/users\/1857"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloomberg.com\/professional\/wp-json\/wp\/v2\/comments?post=99374"}],"version-history":[{"count":5,"href":"https:\/\/www.bloomberg.com\/professional\/wp-json\/wp\/v2\/posts\/99374\/revisions"}],"predecessor-version":[{"id":108982,"href":"https:\/\/www.bloomberg.com\/professional\/wp-json\/wp\/v2\/posts\/99374\/revisions\/108982"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bloomberg.com\/professional\/wp-json\/wp\/v2\/media\/128741"}],"wp:attachment":[{"href":"https:\/\/www.bloomberg.com\/professional\/wp-json\/wp\/v2\/media?parent=99374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloomberg.com\/professional\/wp-json\/wp\/v2\/categories?post=99374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloomberg.com\/professional\/wp-json\/wp\/v2\/tags?post=99374"},{"taxonomy":"post_series","embeddable":true,"href":"https:\/\/www.bloomberg.com\/professional\/wp-json\/wp\/v2\/series?post=99374"},{"taxonomy":"type","embeddable":true,"href":"https:\/\/www.bloomberg.com\/professional\/wp-json\/wp\/v2\/type?post=99374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}