July 26, 2011

ING Investment Management has adopted Bloomberg’s proprietary research management platform to share ideas globally and track the performance of trade ideas, as announced today.

According to Bloomberg, ING IM is the first investment firm to use the technology to create a network for portfolio managers, buy-and sell-side analysts to communicate and collaborate.

The software enables any fund management firm to build a customized and private system, within the Bloomberg Professional service, to share and distribute their proprietary research and stock calls throughout their organizations globally. The new functionality is available at no additional cost to firms who subscribe to the service.

The technology includes a new function that tracks the performance of trade ideas sent internally on trading desks and between buy-side and sell-side firms. ING IM will be able to monitor the performance of analysts' trade ideas in real-time via Bloomberg's Trade Idea system {TMSG} and be able to create on-demand reports ranking analysts and research teams over specific time periods.

"Money managers face a highly-competitive environment and must harness all of their firm's talents and tools to produce the best investment results for their clients," comments Jean-Paul Zammitt, global head of product development for the Bloomberg Professional service, in the release. "Now, ING IM can share analyst ideas, evaluate performance and immediately identify whether trade ideas have been successful or not."

The proprietary research platform integrates with the analytical and desktop tools of the Bloomberg Professional service. At ING IM, for example, investment managers are notified immediately via the Bloomberg message system when new trade ideas are generated or modified by their analysts. ING IM can also easily analyze their own research and estimates alongside broker and independent content to gauge where they stand relative to consensus, notes the release.

In the same release, Patrick den Besten, head of ING IM’s Corporate Analytics-Emerging Markets team, said, "Our research analysts now have one simple, streamlined system. The Bloomberg Trade Ideas platform means our research team can make sure that their best ideas and latest thinking are known to all our fund managers immediately, and that their successes are immediately recognized."

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Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in ...