Bloomberg Rolls Out Electronic Trading Platform to Japan

Platform launch coincides with mandate on electronification of Japanese OTC derivatives.

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The Japan Financial Instruments and Exchange Act (FIEA) comes into effect on September 1.

Operated by Bloomberg Tradebook Japan, the ETP launch has been timed to fit with new mandates on the use of electronic trading platforms for banks and securities firms for specified OTC derivative transactions.

Trades through Bloomberg Tradebook ETP will be cleared by Japan Securities Clearing Corporation.

"Bloomberg is committed to support the trading of relevant instruments and provide required solutions for compliance," said Shintaro Sasaki, representative director of Tradebook Japan. "With our experience working with both the buy-side and sell-side firms in Japan and delivering electronic trading solutions globally, we are uniquely positioned to help our clients who expect best-in-class execution services in an evolving regulatory landscape."

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