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Tech Corner

BSDR, a subsidiary of Bloomberg, has received provisional registration from the Commodity Futures Trading Commission (CFTC) to become a swap data repository. Bloomberg is continuing to work with Commission staff to satisfy certain conditions and expects to be operational in the near future. BSDR is the fourth entity for which the CFTC has issued provisional registration as an SDR, a category of registered entities created by the Dodd-Frank Act to perform a variety of functions related to the collection and maintenance of swap transaction data and information. BSDR is provisionally registered for the interest rate, foreign exchange, equity, credit and commodity asset classes.

Global technology vendor Tradency has teamed up with software development company ForexWare to provide brokers with frontend and backend technology. In February FXDD will become the first broker to implement the new joint solution, in which ForexWare’s technology is integrated with Tradency’s Mirror Trader platform.

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