Bloomberg's Electronic Trading Platform Hits Japan Alongside New Rules
- The launch supports new rules, which came into force today, mandating the electronic trading of JPY Interest Rate Swaps.
As new Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term comes into force in Japan requiring certain over-the-counter (OTC) trades to be executed via electronic trading platforms, Boomberg Tradebook Japan Limited today announced the launch of its electronic Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term in the country.
Specifically, the launch supports new rules, which came into force today, based on the Japan Financial Instruments and Exchange Act (FIEA). The new rules stipulate the mandatory electronic trading of Japanese Yen Interest Rate Swaps (IRS), affecting banks and other financial institutions with outstanding OTC derivatives transaction amount of no less than JPY 6 trillion.
The new regulation reflects a push by G20 countries to require all standardized OTC derivative contracts to be traded on exchanges or electronic trading platforms, where appropriate, and to be cleared through central counterparties (CCP).
Tradebook Japan’s electronic trading platform, which will be delivered through the Bloomberg Professional service, will facilitate these conditions. Indeed, it will send all trades that are executed via the platform to the Japan Securities Clearing Corporation for clearing.
In line with the Bloomberg Professional terminal, users will also have access to Bloomberg’s 24/7 customer service and global news, data and information platform.
Bloomberg is no doubt eager to gain a share of the Japanese market, as it is increasingly under competitive pressure from rival terminal business, Symphony.
Bloomberg is no doubt eager to gain a share of the Japanese market, as it is increasingly under competitive pressure from upstart rival terminal business, Symphony, which has been described as a Bloomberg killer.
The announcement did not confirm which financial institutions have already expressed an interest to adopt Tradebook Japan’s platform.
In an accompanying statement, Shintaro Sasaki, Representative Director of Tradebook Japan, said: “Bloomberg is committed to support the trading of relevant instruments and provide required solutions for compliance.
With our experience working with both the buy-side and sell-side firms in Japan and delivering electronic trading solutions globally, we are uniquely positioned to help our clients who expect best-in-class execution services in an evolving regulatory landscape.”
As new Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term comes into force in Japan requiring certain over-the-counter (OTC) trades to be executed via electronic trading platforms, Boomberg Tradebook Japan Limited today announced the launch of its electronic Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term in the country.
Specifically, the launch supports new rules, which came into force today, based on the Japan Financial Instruments and Exchange Act (FIEA). The new rules stipulate the mandatory electronic trading of Japanese Yen Interest Rate Swaps (IRS), affecting banks and other financial institutions with outstanding OTC derivatives transaction amount of no less than JPY 6 trillion.
The new regulation reflects a push by G20 countries to require all standardized OTC derivative contracts to be traded on exchanges or electronic trading platforms, where appropriate, and to be cleared through central counterparties (CCP).
Tradebook Japan’s electronic trading platform, which will be delivered through the Bloomberg Professional service, will facilitate these conditions. Indeed, it will send all trades that are executed via the platform to the Japan Securities Clearing Corporation for clearing.
In line with the Bloomberg Professional terminal, users will also have access to Bloomberg’s 24/7 customer service and global news, data and information platform.
Bloomberg is no doubt eager to gain a share of the Japanese market, as it is increasingly under competitive pressure from rival terminal business, Symphony.
Bloomberg is no doubt eager to gain a share of the Japanese market, as it is increasingly under competitive pressure from upstart rival terminal business, Symphony, which has been described as a Bloomberg killer.
The announcement did not confirm which financial institutions have already expressed an interest to adopt Tradebook Japan’s platform.
In an accompanying statement, Shintaro Sasaki, Representative Director of Tradebook Japan, said: “Bloomberg is committed to support the trading of relevant instruments and provide required solutions for compliance.
With our experience working with both the buy-side and sell-side firms in Japan and delivering electronic trading solutions globally, we are uniquely positioned to help our clients who expect best-in-class execution services in an evolving regulatory landscape.”