Bloomberg's SFTR solutions.

Solve for SFTR across the front office and entire trade lifecycle

Whether trading in the repo or securities lending market, Bloomberg’s global client network trusts our front office tools as they conduct thousands of transactions on a daily basis. This front office network, combined with a trade enrichment and reporting workflow that captures critical SFTR trade data, helps firms solve for SFTR across the front office and entire trade lifecycle.

Our SFTR solutions will enable firms to:

• Generate a fully enriched record of all data fields required for a new trade through our voice, e-trading and Regultory Hub (RHUB) solutions. Critical fields include:
  
  - Unique Trade Identifers (UTI)
  - Timestamps
  - Economic and instrument reference data
  - Static data fields
   
• Solve the SFTR data capture and trade reporting using existing workflows in the front office.
   
• Share all trade and SFTR reportable data with counterparties; take advantage of one-way matching while eliminating costly data-matching errors.
   
• Automate manual workflows that require data entry across multiple platforms.
   
• Report all events in RHUB, an agnostic trade reporting system that can ingest data from multiple sources and connect to all major third-party Trade Repositories (TRs). 
   
• Monitor the quality, completenes and accuracy of your regulatory data with our RegTek Assurance controls.

Bloomberg has built upon its existing data, analytics, order management, transaction and trade reporting solutions, and trading platforms, to partner with financial institutions impacted by SFTR. We provide a holistic suite of solutions, from front to back-office, that both integrate seamlessly and work independently.

Trade negotiation
IB & MSG

Benefit from the SFTR solution regardless of how you negotiate your trade (e.g. IB chat, MSG, phone/email or venue).

Trade affirmation
VCON

• Exchange a structured trade confirmation with your counterparty via VCON.​​​​
• ​​Minimize the possibility of mismatching with your counterparty on trade details.
  ​​​​

SFTR data enrichment
VCON/TOMS/AIM

• Use Bloomberg’s SFTR solution to receive a trade record enriched with SFTR data points, such as UTI, LEI, timestamp, collateral reference data.
• Benefit from this solution for your trades recapped in VCON and/or trades done externally and booked into Bloomberg.​

Data sharing & pre-matching
RHUB

Share the SFTR data points on a per trade basis with your counterparty via RHUB on the Bloomberg Terminal, to minimize the potential of mismatching downstream after reporting to the TR.

Trade booking
TOMS & AIM

• Avoid manual input by consuming the SFTR enrichment directly into your OMS via a standard FIX API.
• Use the SFTR-enriched data points to report via Bloomberg or via your own reporting infrastructure.

Trade reporting
RHUB & RegTek Assurance 

• Benefit from RHUB validation and eligibility logic ahead of reporting the trade to the TR of your choice.
• Manage all your reporting exceptions with ease in a single platform.
• Gain control over your data quality, completeness and accuracy with RegTek Assurance.

 

Which area are you most concerned with for your firm’s SFTR workflow?

• Trader Workflow and UTI Generation
• Dual Reporting
• Back-Reporting 
• Reporting Format