Bloomberg has launched Options IOI {IOIO <GO>}, a price monitoring tool designed to help equity derivatives investors cut through pricing information overload, streamline the liquidity screening process, and quickly surface decision-ready insights.
The solution harnesses Bloomberg’s natural language processing (NLP), which is fine-tuned for the nuanced vocabulary of derivatives markets to detect indications of interest (IOIs) from a user’s Instant Bloomberg (IB) chats and organise that information into a centralised display.
Options IOI facilitates a workflow augmented by Bloomberg NLP so that traders can gain insight into equity derivatives liquidity available to them and increase price discovery. The solution takes equity options pricing information across a user’s multiple IB chats into a centralised display and allows a user to quickly filter thousands of IB Messages and complex criteria in seconds. Users can sort by instrument characteristics, price levels and counterparties, compare broker-distributed pricing alongside exchange data available on the Bloomberg Terminal, and move directly from the display to the relevant IB conversation to continue trading negotiation.
In addition, Options IOI can help inter-dealer brokers (IDBs) negotiate and complete more trades, more efficiently. IDBs can continue with their preexisting workflows and communicate via Instant Bloomberg chat rooms while the Bloomberg Terminal distributes pricing information in a structured way via chats. Using Bloomberg’s NLP, the Options IOI solution enables market participants to view and analyze pricing, enhancing transparency and visibility across the desk and helping traders respond to IDB liquidity more effectively.
