Bloomberg Trading Facility Limited (BTF), an affiliate of Bloomberg LP, announced today that  it has received authorisation  from the UK Financial Conduct Authority to operate a multilateral trading facility (MTF).

The MTF draws on Bloomberg's established and successful trading venue capabilities in the creation of a platform for the execution of interest rate swaps (IRS) and credit default swaps (CDS) and will offer  both request for quote and order book functionalities.

“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," says Jean-Paul Zammitt, Chief Executive Officer, BTF and Global Head of Financial Products Services Division, Bloomberg L.P.

Bloomberg’s MTF is the latest market solution supporting clients in the evolving regulatory environment, which includes an existing multi-asset class swap execution facility (Bloomberg SEF) and a swap data repository (BSDR).