Bloomberg to Launch a Multilateral Trading Facility in Europe

Bloomberg to Launch a Multilateral Trading Facility in Europe
30.07.2015 01:00 am

Bloomberg to Launch a Multilateral Trading Facility in Europe

Bloomberg has been granted regulatory authorisation to launch a multilateral trading facility (MTF) in Europe for the trading of OTC derivatives products.

Market participants will be able to execute interest rate swaps (IRS) and credit default swaps (CDS) on Bloomberg Trading Facility, using both request for quote and order book functionalities.

Bloomberg operates a similar platform in the US through its swap execution facility, which also enables the execution of IRS and CDS products, as mandated by rules under the Dodd-Frank act.

Regulations such as MiFID II are pushing all trading to regulated markets, though mandates have come into force in the US before Europe.

“Bloomberg’s MTF trading platform is a key addition to the portfolio of services we are providing our clients to enable them to meet their regulatory obligations, and will provide for a seamless transition into the MiFID II regulatory environment," said Jean-Paul Zammitt, chief executive officer, BTF and global head of financial products services division, Bloomberg.

Related News

BondEvalue and Northern Trust Collaborate to Complete World’s First Blockchain-based Bond Trade

Northern Trust (Nasdaq: NTRS) and BondEvalue today announced the completion of the first trade of a fractionalized blockchain-based bond.

Read more »

Mphasis Awarded U.S. Patent for its Artificial Intelligence (AI) System for Data extraction, aggregation & analysis

Mphasis (BSE: 526299; NSE: MPHASIS), an Information Technology solutions provider... Read more »

AscendantFX Introduces Payment Tracking Through SWIFT gpi

AscendantFX Capital announced today that they have become members of the SWIFT network, and more specifically the Global Payment Initiative (gpi). Ascendant... Read more »

Speechmatics and Veritone Unveil Availability of Secure Transcription as a Cognitive Service Within Veritone’s aiWARE Government Operating System for AI

Speechmatics, a UK leader in any-context speech recognition technology has announced that... Read more »

PumaPay Paves the Way for Mass Crypto Adoptions

PumaPay is one of the... Read more »

Mondia Pay Becomes Popular Digital Payment Solution for African Telcos

Mondia Pay, Mondia’s ( digital payment entity, announced that it recently... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel