FirstBank UK Adopts Bloomberg TOMS to Optimize Fixed Income Workflow

<h4>FirstBank UK<&sol;h4>&NewLine;<p><strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">OpenLife Nigeria<&sol;a><&sol;strong> reports that Bloomberg has announced that FirstBank UK Limited &lpar;FirstBank UK&rpar;&comma; the UK subsidiary of First Bank Nigeria Limited&comma; the premier West African bank&comma; has adopted Bloomberg’s Trade Order Management System &lpar;TOMS&rpar;&period;<&sol;p>&NewLine;<p>By integrating TOMS into its workflow&comma; FirstBank UK will have access to a comprehensive suite of data and analytics&comma; communications&comma; as well as order and execution management solutions&comma; enabling it to streamline its fixed income bonds business&period;<&sol;p>&NewLine;<p>FirstBank UK is a niche market-maker to its customers in Africa&period; The business provides market liquidity in cash bonds&comma; primarily in Nigerian&comma; Angolan&comma; Egyptian and Ghanaian Eurobonds to manage risk and optimize its inventory&period; Thanks to Bloomberg’s coverage&comma; TOMS enables the trading desk of FirstBank UK to support its client base and to monitor its positions&comma; profit and loss &lpar;P&amp&semi;L&rpar; and Risks&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;By integrating with our existing systems&comma; Bloomberg TOMS provides FirstBank UK with a complete end-to-end trading workflow covering African bonds in most of our home markets&comma;” said Olukorede Adenowo&comma; CEO-designate at FirstBank UK&period;&OpenCurlyDoubleQuote; The solution enables us to focus on expanding our footprint in the African Fixed Income landscape and deliver a first-in-kind service to our customers in Africa&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We are pleased to help FirstBank UK enhance operational efficiency across its enterprise with our award-winning sell-side order management solution TOMS&comma;” said Lisa Bravo&comma; Global Head of Sell-Side OMS at Bloomberg&period; &OpenCurlyDoubleQuote;TOMS empowers firms to create a seamless workflow from their front and middle-office&comma; through to their operations and enterprise applications&comma; while concurrently delivering their front office users with real-time execution&comma; risk and P&amp&semi;L analytics&period;”<&sol;p>&NewLine;<p>FirstBank UK has further digitized its order management workflow by offering clients access to liquidity on its own Eurobond Single-Dealer Platform&period;<&sol;p>&NewLine;<p>The application has been integrated with Bloomberg TOMS to centralize both order handling and aggregated custom analytics and liquidity tools within a single interface&comma; to be hosted and connected to multiple trading venues&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;The integration of TOMS with our custom-built electronic trading platform&comma; allows our customers real-time access to liquidity in our markets&comma; something unique to the majority of our customers&comma;” said Robert Hagenaars&comma; Head of Markets at FirstBank UK&period;<&sol;p>&NewLine;<p><strong>About FirstBank UK Limited<&sol;strong><&sol;p>&NewLine;<p>FirstBank UK is the international banking arm of First Bank of Nigeria Limited&comma; the premier West Africa financial institution&period; As a full-service bank&comma; FirstBank UK offers capital markets&comma; corporate&comma; institutional&comma; and private banking services to promote investment and trade in Africa&period; FirstBank UK is a licensed bank in the United Kingdom authorised by the Prudential Regulation Authority &lpar;PRA&rpar; and regulated by the Financial Conduct Authority &lpar;FCA&rpar; and the PRA&period; For more information&comma; please visit www&period;fbnbank&period;co&period;uk&period;<&sol;p>&NewLine;