Introduction to Bloomberg Realtime Interface

When trades are capture in Bloomberg Terminal, a drop copy of the executed trade is route to Temenos Transact via Financial Information eXchange (FIX) protocol (FIX 4.4).. The FIX protocol is an electronic communications protocol for international real-time exchange of information related to securities transactions and markets.

The execution drop copy model allows the client to receive a copy of their executed trade details via FIX. In this flow the client has conducted trading on one of the Bloomberg trading platforms. Once the trade is done a FIX message is sent to the client system. This allows the client to capture the trade done electronically without having to manually enter the necessary information into their trading system - Temenos Transact.

Whenever drop copy of execution is received from Bloomberg, corresponding trade is created automatically in Temenos Transact. The drop copy of FIX message received by Temenos Transact is processed using OFS framework, and as a result a new trade is captured in the SEC.TRADE application (in INAU status). The scope of this functionality is to limit the creation of trades in Temenos Transact.