What is a VCON Bloomberg?

Bloomberg’s VCON is a multi‐asset class system that allows for all post‐trade communications and affirmations to be completed on one platform. Bloomberg clients are able to match trades, integrate them with Bloomberg analytics, and send those trades directly to all major CCPs for IRS and credit default swaps (CDS).

Is Bloomberg a SEF?

Bloomberg SEF is registered with the Commodity Futures Trading Commission (CFTC) to operate a multi-asset swap execution facility (SEF).

What is tradeweb SEF?

Swap Execution Facility (SEF) Success in the changing derivatives marketplace means having the right tools to access liquidity, manage risk and execute your trading strategies.

Is a SEF and MTF?

Swap execution facilities (SEFs) are a type of marketplace for trading swaps in the United States. Multilateral Trading Facilities (MTFs) are a type of marketplace for trading over-the-counter derivatives and other products in the European Union.

What does VCON stand for?

What is TSOX?

Bloomberg’s Fixed Income and Derivatives Execution Management System (TSOX) allows liquidity takers to route and execute orders into Bloomberg’s FIT trading platform, as well as other supported venues, and manage incoming orders in order to quickly and efficiently manage their trading activities.

Who can trade on SEF?

Section 5h(a)(1) of the Act provides that any person who offers a trading system or platform in which more than one market participant has the ability to execute or trade swaps with more than one other market participant on the system or platform must apply to the Commission to register as a SEF or be designated as a …

What is Bloomberg swap manager?

SWPM (Bloomberg Swap Manager) is a useful tool to calculate, for example, the fair value of swaps, the at-market spread between two swaps and premium. In this section, you will use SWPM to explore characteristics of single currency plain vanilla swaps and get an idea of the pricing of swaps.

What does a SEF do?

A Swap Execution Facility (SEF) is an electronic platform provided by a corporate entity that allows participants to buy and sell swaps in a regulated and transparent manner.

Are OTC swaps traded on a swap execution facility?

Swap Execution Facilities are regulated by the Securities and Exchange Commission and the Commodity Futures Trading Commission. Financial swaps have traditionally been traded in over-the-counter (OTC) markets.

Who can trade on an SEF?

What is Bloomberg SEF and how does it work?

Bloomberg SEF is registered with the Commodity Futures Trading Commission (CFTC) to operate a multi-asset swap execution facility (SEF). Bloomberg SEF provides all participants access to multiple execution styles and liquidity across numerous asset classes including rates, credit, currency and commodity derivatives.

What’s new in Bloomberg VCON?

This addition to the VCON interface further builds out Bloomberg’s capabilities as a provider of execution and post-trade services in the global market for over-the-counter (OTC) derivatives. Currently VCON supports all Fixed Income cash products, foreign exchange (FX), Futures, Options, IRS, and CDS, including novations and unwinds.

What is VCON and how does it work?

Bloomberg’s VCON is a multi-asset system that allows for post-trade communications and affirmations to be completed on the platform. Bloomberg clients are able to match trades, integrate them with Bloomberg analytics, and send those trades directly to all major CCPs for IRS and credit default swaps (CDS).

Does Bloomberg SEF LLC offer over-the-counter (OTC) derivative services?

Bloomberg SEF LLC does not have the requisite license to offer services for over-the-counter derivative transactions that are required to be executed on eligible electronic trading platforms under the Financial Instruments and Exchange Act of Japan (the “FIEA”).