MiFID II requires firms to plan for client engagement. Any changes to execution policy, research and risk will need to be disclosed with client consent and a clean audit trail. Bloomberg's Entity Exchange delivers a fast, efficient and flexible service to meet this need.
To operate efficiently in this new environment, firms will have to ensure that workflows are capable of providing the necessary data for all the reporting requirements they will have to fulfill, as well as for surveillance and reconstruction of trades on demand from their regulator.
Bloomberg’s Trade Order Management Solutions (TOMS) for the sell side is being extended to help firms meet their MiFID II requirements with a strategic enterprise workflow across the entire trade life cycle.