Bloomberg’s swap execution facility (SEF) is a robust trading platform that provides efficient access to swaps regulated under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Bloomberg has received approval from the Commodity Futures Trading Commission (CFTC) to operate a multi-asset swap execution facility (SEF) — earning us the distinction of being the first applicant to be approved.
Bloomberg has been actively involved in ongoing discussions with clients, regulators and industry trade groups to assess and plan for the impact of Dodd-Frank, as well as other global regulatory reforms. Specifically, Bloomberg has examined and leveraged its existing end-to-end swaps trading workflows to ensure a seamless transition into the new regulatory environment.
By building upon the core technology of Bloomberg’s existing derivative trading platforms — used by more than 1,000 global institutions — Bloomberg’s SEF will provide all Bloomberg Professional service subscribers access to multiple execution styles and liquidity across numerous asset classes including rates, credit, currency and commodity derivatives.
Bloomberg’s solutions are integrated into one seamless workflow and are suitable for clients on the buy-side and sell-side. Clients can start SEF trading when the CFTC’s derivative compliance regulation takes effect on October 2nd.
The Value of Working with Bloomberg
Advocacy: Bloomberg remains committed to increasing transparency in the financial markets and continues to share best practices and industry perspectives with customers, government officials and regulators
Multi-Asset Support: Bloomberg is one of very few SEFs to have a cross-asset solution
Electronic Trading: Bloomberg has a deep and proven history operating electronic trading platforms for clients and offers them efficient access to clearing
Pursuant to Core Principle 9 applicable to swap execution facilities, Bloomberg SEF LLC is required to make available timely information on price, trading volume, and other trading data on swaps. View this information now.