CFTC Approves Bloomberg's Swap Data Repository
In a statement, the data and news provider said that it would be working with the CFTC to iron out remaining conditions, and that it would be operational in the near future.
SDRs are a critical aspect of the new over-the-counter derivatives market structure, where trade details are reported to satisfy transparency requirements stemming from the Dodd-Frank Act.
"Bloomberg has a long history of increasing transparency and efficiencies for the financial markets," says Bloomberg, in an online bulletin. "By providing the public with a central repository to access post-trade, multi-asset derivatives information, Bloomberg's SDR will help further promote transparency and standardization in the swaps market."
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