TradeState connects to Bloomberg EMSX via FIX and automatically captures every trade into a complete system of record — no manual exports, no spreadsheets, no re-entry.
What happens when your execution venue and your trade record aren't connected
Downloading trade blotter exports from Bloomberg and importing them into a spreadsheet or accounting system introduces lag, manual steps, and fat-finger risk on every single trade day.
Without a live connection to Bloomberg, your trade record is always behind. Partial fills, amendments, and cancellations may not be reflected until the next manual export cycle — creating reconciliation headaches.
Even once you have a trade record, sending allocations to your custodian typically requires another manual step — a file upload, a portal entry, or a phone call. That's operational risk at every touchpoint.
A FIX connection between Bloomberg and TradeState replaces every manual step
TradeState establishes a FIX session with Bloomberg EMSX on your behalf — including Bloomberg's certification process. You don't manage the connection.
As you execute on Bloomberg, fills and execution reports flow into TradeState automatically via FIX drop copy or Trade Capture Reports — no export, no re-entry.
Allocate captured trades to your accounts and push them to your custodian via FIX, flat file, or API. TradeState manages custodian connectivity too.
Bloomberg sends a real-time copy of every execution report to TradeState as trades occur. Fills, partial fills, cancellations, and amendments arrive automatically — your trade blotter updates live as Bloomberg executes.
Bloomberg transmits completed trade records to TradeState via FIX Trade Capture Report messages. Each trade arrives as a structured FIX message — no Bloomberg blotter export, no copy-paste, no manual reconciliation.
Everything that should follow a Bloomberg execution — automated
Every Bloomberg execution appears in your TradeState blotter in real time — order details, fills, status, and timestamps. A single view of your entire trade activity without touching Bloomberg's interface.
Allocate Bloomberg trades to underlying accounts, funds, or strategies — pre-trade or post-trade. Export allocation files in the format your custodian or administrator requires.
Send captured and allocated trades to your custodian via FIX. TradeState manages custodian FIX session setup and certification — Schwab, Fidelity, Pershing, or any FIX-enabled custodian.
Every trade, amendment, and allocation is logged with timestamp. Meets the record-keeping requirements of prime brokers, institutional LPs, and regulators — without manual documentation.
Push trade data to your portfolio management system, fund administrator, or accounting platform via flat file, REST API, or FIX. Custom export formats supported.
Equities, fixed income, FX, futures, options, and OTC derivatives. TradeState captures Bloomberg trades across all asset classes in a single platform.
Firms that execute on Bloomberg but need more than Bloomberg provides
You execute through Bloomberg EMSX but rely on spreadsheets or manual blotter exports for your trade record. TradeState replaces that process with a live, automated capture that feeds directly into allocations and custodian reporting.
You have a Bloomberg subscription and use it for price discovery or execution. Getting those trades into your accounting system or to your custodian is still a manual step. TradeState automates the handoff.
You trade through Bloomberg but your existing systems don't have direct FIX capture. TradeState provides the trade capture layer without requiring an enterprise OMS implementation.
Tell us about your Bloomberg setup and we'll show you exactly how TradeState captures and routes your trades.
Request a DemoNo commitment required — we'll walk through your Bloomberg subscription, execution workflow, and custodian setup.