Sumitomo Mitsui Trust AM Rolls Out Bloomberg Tool for FX, FI
Posted by Colin Lambert. Last updated: July 1, 2022
Sumitomo Mitsui Trust Asset Management has adopted Bloomberg’s Rule Builder, a multi-asset, rules-based trade automation tool, to enhance the efficiency and productivity of its trading services for FX and fixed income trading.
“In the world of over-the-counter trading, executing a large number of orders with limited staff takes time,” says Yosuke Hosokawa, deputy general manager of the trading department at Sumitomo Mitsui Trust Asset Management. “With the automation of sell-side pricing progressing further ahead, we have been considering the possibility of reducing timing risk by also automating buy-side execution. By using Bloomberg Rule Builder, it’s become possible to automate the execution of purchases at desired times, resulting in significant cost savings.
“In addition, the process of setting Rule Builder parameters has made the overall execution process more transparent,” he continues. “The insights gained through this increased transparency are then reflected in these parameters as part of a cycle that enables further improvement of the execution process by a trader. As such, investors will be pleased to know that we are achieving quality performance under optimal execution policies and that there is a rigorous process in place.”
Norman Tweeboom, Japan regional head at Bloomberg, adds, “We hope that the favourable cycle generated by the sophisticated execution facilitation process will lead to increased market transparency and continued development of sound investment practices as a result.”