Bloomberg TOMS Granted FCA Approval for Regulatory Reporting

It is still unclear whether ARMs such as Bloomberg's will help firms hit their reporting deadlines.

A London bus at St Paul's
Bloomberg TOMS to act as ARM in the UK.

Bloomberg will plug the transaction reporting service directly into TOMS' normal ticketing workflow for reporting fixed-income and derivatives transactions.

Securities will be reported with an International Securities Identification Number (ISIN). Bloomberg itself is currently campaigning for the Financial Instrument Global Identifier, a non-proprietary code for financial instruments, to become an ISO standard. 

"The trade order management solution (TOMS) offers an integrated workflow, enabling

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