Bloomberg receives MTF authorisation from FCA

It will offer execution of interest rate and default swap execution

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Bloomberg has received authorisation from the UK's Financial Conduct Authority (FCA) to operate a multilateral trading facility (MTF).

The platform of Bloomberg Trading Facility Limited (BTF) will offer request-for-quote and order-book functionality for the execution of interest rate swaps (IRS) and credit default swaps (CDS).

"Bloomberg's MTF-trading platform is a key addition to the portfolio of services we are providing our clients to enable them to meet their regulatory obligations, and will

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