Bloomberg has received approval from the Commodity Futures Trading Commission (CFTC) to operate a multi-asset swap execution facility (SEF) — earning us the distinction of being the first applicant to be approved.
Bloomberg has been actively involved in ongoing discussions with clients, regulators and industry trade groups to assess and plan for the impact of Dodd-Frank, as well as other global regulatory reforms. Specifically, Bloomberg has examined and leveraged its existing end-to-end swaps trading workflows to ensure a seamless transition into the new regulatory environment.
By building upon the core technology of Bloomberg’s existing derivative trading platforms — used by more than 1,000 global institutions — Bloomberg’s SEF will provide all Bloomberg Professional service subscribers access to multiple execution styles and liquidity across numerous asset classes including rates, credit, currency and commodity derivatives.
Bloomberg’s solutions are integrated into one seamless workflow and are suitable for clients on the buy-side and sell-side. Clients can start SEF trading when the CFTC’s derivative compliance regulation takes effect on October 2nd.