Today BSDR LLC, a subsidiary of Bloomberg LP, received provisional registration from the Commodity Futures Trading Commission to become a swap data repository (SDR). Bloomberg is continuing to work with Commission staff to satisfy certain conditions and plans to be operational in the near future.

Bloomberg has a long history of increasing transparency and efficiencies for the financial markets. By providing the public with a central repository to access post-trade, multi-asset┬áderivatives information, Bloomberg’s SDR will help further promote transparency and standardization in the swaps market.