Bloomberg announced today that the European Securities and Markets Authority (ESMA) has approved Bloomberg Trade Repository Limited (BTRL) to operate a trade repository in Europe.
Bloomberg’s trade repository will allow market participants to report their trades in OTC and exchange-traded derivatives, as mandated by the European Market Infrastructure Regulation (EMIR).
“This is an important milestone as Bloomberg extends its regulatory reporting capabilities in Europe and globally. The trade repository will expand our offering of reporting solutions and enable firms to meet their regulatory requirements while also reducing costs and mitigating risks, which is critical as the complexity and demand for trade and data reporting increases,” said Constantin Cotzias, CEO of BTRL.
Bloomberg’s trade repository will also seamlessly integrate with Bloomberg’s systems and applications, which include Bloomberg’s Regulatory Reporting Hub, a global, multi-asset class regulatory reporting suite that addresses EMIR, MiFID, MiFID II, and FINRA’s TRACE reporting via a single solution.
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