* Not affected by the MiFID II update.
The Bloomberg Multilateral Trading Facility (MTF, known as BMTF) began operating on 5 October 2016. The initial phase of operation covers IRS and index CDX products.
BMTF has received regulatory approval to extend the instruments that may be traded on the platform. Over the course of 2017 products from the following asset classes will be added to BMTF:
BMTF will offer a fully compliant MiFID II workflow and perform:
RHUB is a multi-asset rules and enrichment engine that helps firms address regulatory reporting requirements. RHUB takes feeds from Bloomberg OMS platforms and external OMS platforms, identifies reportable securities, enriches missing / incomplete data fields, and sends them to both Bloomberg reporting destinations (ARM, APA) as well as external reporting destinations. RHUB will offer full audit trail and reconciliation tools.
Bloomberg’s APA will provide core functionality to allow clients to publish quotes for pre-trade transparency and trades for post-trade transparency. Asset classes supported:
The APA will publish the reporting record completed and sent by the client through the interface as instructed by the client. The solution is available for investment firms and trading venues.
Bloomberg will offer advanced functions to help clients prepare the reporting record. The record will then be passed to the Bloomberg APA for publication (if required).
Additional services to help clients address challenges indirectly related to pre- and post-trade transparency are available, and include: