Clients of electronic trading technology provider InfoReach can now access two of the most popular tools in the global trading community directly from InfoReach trading platforms.
New integration with the “R” programming language and a new interface for Bloomberg data fields eliminate the need for traders to toggle between software programmes to view the information they need.
The open-source “R” programming language is emerging as the dominant cutting-edge software for quantitative finance and optimisation. Designed expressly to analyse and display large amounts of data, R is now the most popular data analysis and visualisation system with more than two million users worldwide. A huge, open-source community has contributed hundreds of free functions and packages for R, including risk analysis, portfolio management, financial graphics, econometrics, financial data source connectivity, statistical analysis and visualisations.
InfoReach developed R compatibility to meet exploding demand by capital markets participants for R functionality within the trading platform.
“Now our clients can access any bank of R language functions and implement R trading models directly from InfoReach TMS and Prelude trading platforms,” says InfoReach chief executive Allen Zaydlin. “It’s a much more convenient and efficient process.”
The integration of Bloomberg data fields also was added to streamline trader workflow and boost efficiency. Traders now can now directly access any of Bloomberg’s dynamic and static fields (more than 50,000) from within their InfoReach trade blotter so they do not have to switch trading dashboards.
“As long as users have a Bloomberg license and both systems run on the same computer, the interface is seamless,” says Zaydlin. “And our compliance with Bloomberg market data entitlements eliminates the need for Bloomberg users to pay exchange market-data usage fees multiple times.”
The development is the latest in a long history of integration between InfoReach trading platforms and Bloomberg symbology and services. Prior integrations with Bloomberg solutions include real-time market data, algorithmic trading strategies, security master, historical tick data, Bloomberg Terminal's Launchpad commands and Bloomberg’s Trading Solutions (AIM, SSEOMS and EMSX).