Connecting to Bloomberg via FIX is complex, time-consuming, and requires ongoing maintenance. TradeState manages the entire Bloomberg FIX integration so your team can focus on trading, not plumbing.
Understanding the three ways firms connect to Bloomberg via FIX
Bloomberg's Execution Management System (EMSX) allows buy-side firms to route orders to brokers through Bloomberg's network. A FIX connection to EMSX lets your OMS submit orders directly into Bloomberg without manual re-entry.
A FIX drop copy is a real-time feed of execution reports from Bloomberg to a third-party system. This allows your OMS to receive and record fills, partial fills, and order status updates as they happen — without relying on Bloomberg as your system of record.
Bloomberg supports FIX Trade Capture Report (TCR) messages, which allow executed trades to be systematically transmitted to another platform. TradeState can receive TCR messages from Bloomberg to capture and record completed trades automatically.
The challenges firms run into when trying to set up Bloomberg FIX on their own
Bloomberg requires firms to go through a formal FIX certification process before going live. This involves multiple rounds of testing, specific message format requirements, and coordination with Bloomberg's technical team — a process that can take weeks or months without experience.
Bloomberg's FIX implementation has its own required fields, custom tags, and message sequencing rules that differ from standard FIX protocol. Without deep FIX expertise, even experienced developers can spend significant time debugging connectivity issues.
Bloomberg periodically updates their FIX specs and infrastructure. A live connection requires ongoing monitoring, version management, and occasional recertification — ongoing overhead that most small and mid-size firms don't want to own internally.
We've done Bloomberg FIX certifications many times. You benefit from that experience.
We discuss your Bloomberg subscription, what you need to connect (EMSX, drop copy, TCR), and how TradeState fits into your existing workflow.
Our team manages the Bloomberg FIX certification process end-to-end — message mapping, testing rounds, and Bloomberg coordination. You're informed, not involved.
Once certified, your Bloomberg FIX session is live in TradeState. We monitor connectivity and handle any Bloomberg-side changes so your session stays reliable.
Standalone Bloomberg connectivity or integrated into your full OMS workflow
Route orders from the TradeState blotter directly into Bloomberg EMSX via FIX. Eliminate manual order re-entry and keep your OMS as the system of record for all order flow.
Receive real-time execution reports from Bloomberg into TradeState via FIX drop copy. Every fill, partial fill, and cancellation is automatically captured and logged in your trade blotter.
Use Bloomberg as an execution venue and have completed trades automatically transmitted to TradeState via FIX Trade Capture Reports — keeping your records complete without manual export.
Trades captured from Bloomberg can be allocated to underlying client accounts or fund sub-accounts in TradeState — pre-trade or post-trade — and exported to your back-office system.
TradeState is broker-neutral. Your Bloomberg FIX connection sits alongside connections to other brokers and custodians in the same blotter — giving you a single view of all order flow regardless of execution venue.
Once Bloomberg trades are in TradeState, export them to your portfolio management system, fund administrator, or accounting platform via file, API, or FIX in whatever format you need.
Experience, reliability, and no hidden complexity on your end
Bloomberg FIX certification is not a one-time task — it requires ongoing coordination. We've been through it many times and manage the entire process so you don't have to learn it from scratch.
What might take an in-house team months to certify and deploy, we can deliver in a fraction of the time. Our experience with Bloomberg's FIX requirements means fewer back-and-forth cycles.
Need only Bloomberg FIX connectivity plugged into an existing system? Or a full OMS with Bloomberg as one of several execution venues? TradeState supports both approaches.
All Bloomberg FIX sessions run over TLS-encrypted connections. Your order flow and execution data are protected end-to-end, meeting Bloomberg's security requirements.
Bloomberg updates their FIX infrastructure periodically. We track those changes and handle any required updates or recertification — your connection stays live without internal overhead.
TradeState is entirely browser-based. There's no FIX engine to deploy, no servers to provision, and no local software to maintain. We run the infrastructure; you run your trading desk.
Tell us about your Bloomberg setup and we'll walk you through exactly how TradeState handles the integration.
Request a DemoNo commitment required — we'll discuss your Bloomberg subscription, FIX requirements, and go-live timeline.