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Azerbaijan adopts Bloomberg auction platform for FX

Azerbaijan flag

The Central Bank of Azerbaijan has chosen to conduct its auctions for foreign exchange (FX) instruments and deposits through Bloomberg’s auction platform. The platform manages primary market operations, and has been recently extended to include FX instruments (spot and outright) and deposits, in addition to its pre-existing suite of fixed income and repo products. Ali […]

Haier Finance opts for Bloomberg’s FX electronic trading platform

haier finance

China-based Haier Finance has adopted Bloomberg’s foreign exchange (FX) electronic trading platform (FXGO) and multi-asset risk system (MARS) for trading and risk management. Bloomberg FXGO provides access to liquidity from over 300 providers worldwide and commission-free trading for financial institutions, corporations, money managers and hedge funds across “all major” FX instruments including spot, forwards, options, […]

Bloomberg applies to join global LEI system

Peter Warms, Bloomberg

Bloomberg has applied to the Global Legal Entity Identifier Foundation (GLEIF) to become a local operating unit (LOU) of the Global LEI System (GLEIS). By submitting this application, Bloomberg moves to the candidate stage of the LOU accreditation process and joins an existing network of LOU’s monitored by GLEIF. Peter Warms, senior manager of fixed […]

Bloomberg and Traiana to automate post-trade for FX options

Traiana and Bloomberg are targeting post-trade costs in FX

Post-trade processing company Bloomberg STP Solutions and post-trade and risk specialist Traiana have begun a joint effort to develop a straight-through processing infrastructure for FX options. The partners say it will help to reduce post-trade costs for market participants, which have typically remained higher than execution costs.

Regulations raise new questions about industry standards

Chris-Pickles-2015

Financial market regulations across the globe are increasingly focusing on risk management. This includes ensuring it is clear who firms are trading with and for, and confirming that firms can identify the instruments being traded. As a result, the field of reference data is increasingly held under the regulatory microscope and that lens extends to the standards used to identify financial instruments, writes Chris Pickles.

ESMA trade reporting standards “could decide” future of markets

Pickles: the ESMA consultation matters

The European Securities and Markets Association is consulting financial institutions on which messaging protocol and data formats would be best for trade reporting under MiFIR. As the timeframe for reporting comes ever closer to real-time, the consequences could be serious.

FCA approval takes Bloomberg into European trade reporting space

bloomberg-toms

Continuing its policy of offering products that fit across user workflows, Bloomberg has moved in to the transaction reporting space in Europe. The company’s Trade Order Management System has been granted approval by the Financial Conduct Authority to report securities with an ISIN and OTC derivatives as part of the UK’s Approved Reporting Mechanisms regime.

Orchestral manoeuvres

Gurle:

When first reports of an integrated communications project that had attracted a $66 million investment from a consortium of banks led by Goldman Sachs appeared last year, there was an element of cloak and dagger about the enterprise. The truth is both more prosaic and more interesting according to David Gurle, chief executive and founder of the company behind it.

Bloomberg hybrid cloud service opens access to ‘dark data’ for firms

harald_collet_photo

Bloomberg Vault has introduced File Analytics, a hybrid cloud-based service that enables firms to “identify, categorise, track and manage” unstructured data held in corporate files and documents.

Citi launches block pricing tool on Bloomberg App Portal

The Citi

Citi has launched an electronic block pricing tool via the Bloomberg App Portal, marking the first time a major tier one broker has ever used the Portal to deploy an application around the world.

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