Dutch Regulator Grants License to Bloomberg ARM and APA

Bloomberg has acquired all necessary regulatory approvals in the Netherlands to offer its services in the country, the company announced today.

The Netherlands Authority for the Financial Markets has granted the Bloomberg Data Reporting Services B.V. (BDRS B.V.) to operate an Approved Reporting Mechanism (ARM) and an Approved Publication Arrangement (APA), for MiFID II regulatory reporting.

This will allow the firm to establish a base in the country and offer its services to all the countries in the European Union. The New York-headquartered firm took this step to ensure its services amid the upcoming Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term.

Commenting on this development, Nicholas Bean, Head of Electronic Trading Solutions at Bloomberg and CEO of BDRS B.V., said: “We are pleased to announce that we will operate trade reporting services in Amsterdam in addition to our recently authorized Multilateral Trading Facility. Bloomberg’s Dutch ARM and APA will ensure a seamless transition into the post-Brexit environment, for clients in the EU who wish to continue to use our trade and transaction reporting services to satisfy their MiFID II requirements.”

Brexit in Mind

In addition, Bloomberg secured approval from the Dutch Authority for the Financial Markets (AFM) to operate a multilateral trading facility (MTF).

Bloomberg will integrate these services with Bloomberg’s Regulatory Hub (RHUB) and is planning to initiate the testing before March 29, to onboard its EU clients on the platform considering all possible outcomes of Brexit.

Apart from Europe, Bloomberg is also focusing on the Chinese and South East Asian market. It recently partnered with the China Foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Trade System to launch new access channels of Chinese bond market to allow global investors to trade onshore Chinese bonds via the Bloomberg Terminal.