Bloomberg Latest to Receive FCA ARM Nod

Bloomberg gets FCA approval to test transaction reporting capabilities under MiFID II

Financial Conduct Authority

The connection to the MDP will allow the transmission of transaction reports and transparency calculation data to the FCA when MiFID II kicks in on Jan. 3, 2018. Bloomberg currently operates an ARM under MiFID I and expects to receive authorization from the FCA to operate a MiFID II-compliant ARM and APA in the second half of 2017.

“MiFID II requires more trades and data to be reported across a wide range of asset classes and within very short timeframes. As a provider of ARM services since Dec