Tullett Prebon and ICAP will use Bloomberg Entity Exchange’s platform to help clients registering with new trading venues operated by the two entities under Mifid II provide a more efficient exchange of information. The companies said they expect that their platforms will be able to offer better services for investors in compliance with regulations governing financial services, including anti-money laundering (AML) and know-your-customer (KYC) requirements. "We want to help our clients to quickly understand what the new rules will mean to their trading relationships, especially around trade execution, reporting and transparency," said Nicolas Breteau, the chief executive of global broking at TP ICAP.
Tullett Prebon and ICAP will use Bloomberg Entity Exchange’s platform to help clients registering with new trading venues operated by the two entities under Mifid II provide a more efficient exchange of information. The forthcoming regulations will change how firms share and collect data from their clients. "We want to help our clients to quickly understand what the new rules will mean to their trading relationships, especially around trade execution, reporting and transparency," said Nicolas Breteau, the chief executive of global broking at TP ICAP.