Bloomberg Trade Repository (BTRL) has become approved by the European Securities and Markets Authority (ESMA) as a reporting house for derivatives trades.
As of 7 June, BTRL will begin accepting reporting for commodities, credit, FX, equities and interest rate derivatives trades mandated under the European Market Infrastructure Regulation (EMIR).
BTRL will also integrate with its other systems including its regulatory reporting hub, a multi-asset reporting suite for EMIR, MiFID II and FINRA’S TRACE reporting.
“The trade repository will expand our offering of reporting solutions and enable firms to meet their regulatory requirements while also reducing costs and mitigating risks, which is critical as the complexity and demand for trade and data reporting increases,” said Constantin Cotzias, CEO of BTRL.
The registration of BTRL brings the total number of trade repositories to seven, which also include DTCC, UnaVista, CME Trade Repository, ICE Trade Vault Europe, and REGIS-TR.