TOKYO, Aug. 31, 2015 /PRNewswire/ -- Bloomberg
Tradebook Japan Limited ("Tradebook Japan") today announced the
launch of its Electronic Trading Platform (ETP) in Japan, in support of the September 1 mandate for banks and securities
firms to use electronic platforms for specified over-the-counter
(OTC) derivative transactions.
Tradebook Japan is operating the new trading platform for its
ETP, under the Japan Financial Instruments and Exchange Act (FIEA).
As of September 1, mandatory use of
electronic trading platforms goes into effect, covering certain
Japanese yen denominated interest rate swap transactions and
affecting certain financial institutions with notional amounts of
JPY 6 trillion or more for specified
OTC derivative transactions.
"Bloomberg is committed to support the trading of relevant
instruments and provide required solutions for compliance," said
Shintaro Sasaki, Representative
Director of Tradebook Japan. "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."
Tradebook Japan's electronic trading solution is delivered
through the Bloomberg Professional service. Trades executed on the
Bloomberg ETP will be sent to the Japan Securities Clearing
Corporation for clearing. The Bloomberg ETP will facilitate the
trading workflow of both buy-side and sell-side firms, supported by
Bloomberg's 24/7 customer service and global news, data and
information platform.
Tradebook Japan is registered with the Japanese Financial
Services Agency as a Type 1 Financial Instruments Business Operator
authorized to provide OTC derivatives trading
services.
Bloomberg's ETP is the latest solution supporting clients in the
evolving regulatory environment, which includes an existing
multi-asset class swap execution facility (Bloomberg SEF) and a
swap data repository (BSDR) and authorization from the UK Financial
Conduct Authority to operate a multilateral trading facility
(Bloomberg MTF).
For more information, visit http://www.bloombergetp.com/ or
BETP<GO> for Bloomberg Professional service subscribers.
About Bloomberg
Bloomberg was founded with one core
mission: to bring transparency to capital markets through access to
information. Today's Bloomberg has more than 15,500 employees in
192 locations in 73 countries around the globe. The company's
strength – delivering data, news and analytics through innovative
technology, quickly and accurately – is at the core of the
Bloomberg Professional service, which provides real time financial
information to more than 320,000 subscribers globally. For more
information visit www.bloomberg.com/professional
Media Contacts
- APAC, Yuri Imaizumi,
+81-3-3201-2495, yimaizumi4@bloomberg.net
- U.S., Allan Schoenberg,
+212-617-4787, aschoenberg@bloomberg.net
- EMEA, Natalie Harland,
+44-20-7673-8820, nharland1@bloomberg.net
- LATAM, Pam Snook, +212-617-7652,
pamsnook@bloomberg.net
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SOURCE Bloomberg