Bloomberg Earns Ninth Place Overall in Chartis RiskTech100 Ranking

Bloomberg is pleased to announce that it has moved up to #9 in the latest installment of the Chartis RiskTech100, placing in the top ten overall for the second consecutive year. For seventeen years, the RiskTech100 has provided a comprehensive evaluation of major players in risk and compliance technology, ranking the top 100 risk technology providers and highlighting standout providers in select categories.

Bloomberg also won the following category awards:

•       Overall Leader for Buy-side Firms
•       Credit Data – Corporate Bonds
•       Credit Data – Credit Curves
•       Evaluated Pricing and Data – Fixed Income

This year’s Chartis recognition builds on several recent industry wins for Bloomberg, including the firm’s #1 placement in the 2023 Chartis RiskTech Buyside 50 ranking and report. This is Bloomberg’s second consecutive year winning Overall Leader for Buy-side for its leading buy-side solutions.   

This is also the fifth consecutive year that Bloomberg’s evaluated pricing service, BVAL, has won the category award for Evaluated Pricing and Data: Fixed Income. The award recognizes the service’s transparent valuation process and sophisticated methodology providing pricing for over 2.8 million fixed-income securities. BVAL does this for all asset classes across the liquidity spectrum, including thinly traded and hard-to-price instruments.

Bloomberg also won category awards for Credit Data: Corporate Bonds and for Credit Data: Credit Curves for the second consecutive year. These wins underscore the strength of Bloomberg’s growing portfolio of credit risk datasets and tools, including: transparent and timely quantitative estimates of credit risk with Bloomberg’s Default Risk (DRSK) and Market-Implied Probability of Default (MIPD) solutions, loss provisions adhering to international and US accounting rules (IFRS9 and CECL, respectively), credit curve management infrastructure, as well as coverage of illiquid reference entities. These defined CDS curves can then be used as a firmwide, client-defined CDS pricing source for calculating Credit Value Adjustment (CVA) metrics and credit risk on bonds, CDS, converts, preferreds and structured notes.

“We are delighted that Bloomberg has made the top 10 for another year of the RiskTech 100 ranking. Our clients navigate complex, dynamic workflows and require reliable risk management tools and analytics that can be flexible to their use case,” said Jose Ribas, Global Head of Risk and Pricing at Bloomberg. “This win highlights the hard work our teams put in every day, and Bloomberg’s dedication to continue serving as our clients’ trusted technology partner.”

“Bloomberg continues to expand its effective combination of analytics and data – including derived data,” said Sid Dash, Chief Researcher at Chartis. This expansion, supported by an appropriate technology infrastructure, is reflected in its top 10 showing in this year’s RiskTech100.”

Click here for more information on the 2024 Chartis RiskTech100 report.