Institutional traders typically rely on sophisticated trading platforms that can handle high volume trades and offer in-depth market analysis. Bloomberg Terminal is a popular choice due to its comprehensive financial analysis tools and real-time data. Eikon from Refinitiv is another platform favored for its global market coverage and advanced analytics. Direct Market Access platforms like Tradair and FlexTrade are also used because they enable traders to directly interact with the order book of an exchange. These platforms offer robustness and speed, which are crucial for institutional trading.