At MORS Software, we have had market data vendor integration (with Bloomberg and Refinitiv) as standard to pull in prices, curves, reference rate and fx fixings as well as instrument static data. This is a “table stakes” for the automation required in modern Bank Treasury Management. However, our customers are looking to achieve more automation and control with MORS TMS and therefore we’ve just taken a significant step forward in strengthening our trade workflow automation, and there are some new features with the Bloomberg interface which are truly worth sharing. Our clients can now benefit from an advanced interface with Bloomberg that seamlessly integrates every step of the trade workflow into a streamlined process as well as some enhanced RMBS pricing and Pool factor data automation.
How the Trade Integration Works
Here’s how it works, clients can either initiate a trade directly from Bloomberg (VCONN / BLOT) or they can choose to leverage the MORS enhanced pre-deal limit checks ahead of trade execution
When initiating the trade within MORS, the trader will capture a pre-deal (aka a soft-deal) in MORS, and the system will perform pre-deal limit checks for compliance (yes, at the dealer and instrument level—as granular as it gets), and once approved, the dealer will enter the order in Bloomberg including the ID of the soft deal from MORS. When the trade is executed in the market, the deal confirmation is sent to MORS, including the soft deal ID, which enables MORS to match the soft deal with the executed deal. It’s seamless, efficient, controlled and, quite frankly, unique in how integrated and automated it is.
With this setup, we’ve enhanced MORS compliance and the dealer workflow, making it easier than ever for clients to maintain a tight handle on limits. We’re talking very granular dealer and instrument-level limits—from specific dealer-instrument portfolios to different types of limits, it’s all covered. This added automation ensures that compliance checks happen in real time, allowing for smoother trade execution and less manual hassle.
Expanded specialist RMBS data Integration
But there’s more—our integration with Bloomberg also extends to Asset Backed Securities and RMBS (Residential Mortgage-Backed Securities) instruments. We now extract and upload pool factor updates automatically. Clients can also import forward-looking or estimated pool factors based on Bloomberg’s MARS analytics. It’s clever and proactive, ensuring our clients always have the latest data and pricing variables at their fingertips.
These expanded integration capabilities respond directly to market needs. We’ve heard from banks that they require smarter, more seamless workflows, and this is our answer. With more conversations emerging around automation, compliance, and data integration, we’re pushing boundaries with MORS —offering more for less hassle, with no compromise on precision or performance.