The approval is welcome news for Bloomberg which has already begun testing its end-to-end APA workflow.
The impending deadline on January 3, 2018 for MiFID II has created a staunch rise in the demand for certified solutions. Ahead of the implementation date, Bloomberg Data Reporting Services Limited (BDRSL) has become the latest group to receive approval from the UK’s Financial Conduct Authority (FCA) for its Approved Publication Arrangement (APA).
APA authorization is important because over-the-counter (OTC) trading firms will be obligated to publicize certain transaction information. Per the authorization, Bloomberg’s pre-integrated MiFID II solution will be compliant with the new regulations, supporting the publication of requisite trade details – this will also help clients meet transparency requirements.
MiFID II in focus
Ben Macdonald, Bloomberg’s Global Head of Enterprise Products, commented: “APA authorisation is a critical component of our regulatory reporting service that not only enables our clients to meet trade transparency reporting requirements, but also transaction reporting, best Execution and trade archiving requirements through our fully integrated regulatory hub.”
The authorization is of great importance for Bloomberg, which builds on an existing suite of reporting solutions – this includes FINRA Trade Reporting and Compliance Engine (TRACE), Bloomberg Swaps Data Repository (BSDR) for Dodd Frank reporting, and Bloomberg Trade Repository (BTRL) for EMIR reporting.
The group’s APA authorization for MiFID II addresses both pre- and post -trade reporting, though it is also looking to bolster its ARM reporting capabilities under MiFID I to MiFID II transaction reporting. This approval will augment Bloomberg’s current ARM for transaction reporting under MiFID I – the group expects to obtain FCA authorization to operate MiFID II-compliant ARM.
“We are pleased to receive authorisation from the FCA. We have already begun testing our end-to-end workflow with the APA. With this approval we are ready to help clients satisfy their public reporting requirements from pre-trade onwards, along with the other MiFID II mandates addressed by our comprehensive suite of solutions,” added Alejandro Perez, Global Head of Post-Trade Solutions at Bloomberg.
The FCA has been active today, dolling out multiple approvals for other MiFID II solutions. This has seen similar authorizations granted for NEX Regulatory Reporting and Trax, as venues are collectively seeking to strengthen their solutions suite while also setting up for a MiFID II-compliant ARM.
The impending deadline on January 3, 2018 for MiFID II has created a staunch rise in the demand for certified solutions. Ahead of the implementation date, Bloomberg Data Reporting Services Limited (BDRSL) has become the latest group to receive approval from the UK’s Financial Conduct Authority (FCA) for its Approved Publication Arrangement (APA).
APA authorization is important because over-the-counter (OTC) trading firms will be obligated to publicize certain transaction information. Per the authorization, Bloomberg’s pre-integrated MiFID II solution will be compliant with the new regulations, supporting the publication of requisite trade details – this will also help clients meet transparency requirements.
MiFID II in focus
Ben Macdonald, Bloomberg’s Global Head of Enterprise Products, commented: “APA authorisation is a critical component of our regulatory reporting service that not only enables our clients to meet trade transparency reporting requirements, but also transaction reporting, best Execution and trade archiving requirements through our fully integrated regulatory hub.”
The authorization is of great importance for Bloomberg, which builds on an existing suite of reporting solutions – this includes FINRA Trade Reporting and Compliance Engine (TRACE), Bloomberg Swaps Data Repository (BSDR) for Dodd Frank reporting, and Bloomberg Trade Repository (BTRL) for EMIR reporting.
The group’s APA authorization for MiFID II addresses both pre- and post -trade reporting, though it is also looking to bolster its ARM reporting capabilities under MiFID I to MiFID II transaction reporting. This approval will augment Bloomberg’s current ARM for transaction reporting under MiFID I – the group expects to obtain FCA authorization to operate MiFID II-compliant ARM.
“We are pleased to receive authorisation from the FCA. We have already begun testing our end-to-end workflow with the APA. With this approval we are ready to help clients satisfy their public reporting requirements from pre-trade onwards, along with the other MiFID II mandates addressed by our comprehensive suite of solutions,” added Alejandro Perez, Global Head of Post-Trade Solutions at Bloomberg.
The FCA has been active today, dolling out multiple approvals for other MiFID II solutions. This has seen similar authorizations granted for NEX Regulatory Reporting and Trax, as venues are collectively seeking to strengthen their solutions suite while also setting up for a MiFID II-compliant ARM.
FCA Targets Financial Promotions: 85% of Interventions Directed at Lending and Investments
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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