The data and technology giant won FCA approval for MTF venue on Saturday
Bloomberg is already considering the
second wave of products for its recently FCA-approved
multilateral trading facility (MTF), with foreign exchange and
commodity derivatives likely to be first additions to the new
European trading platform, according to FOW sources.
The Bloomberg MTF has been created to
execute interest rate swaps (IRS) and credit default swaps
(CDS) and will offer request for quote (RFQ) and order book
Looking ahead, the firm plans to add further products for
trading on the venue, according to the European Securities and
Markets Authority’s (Esma) mandate and client
demand, with Bloomberg mulling a range of potential additions,
including foreign exchange and commodity derivatives products,
according to a source close to the matter.
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