Bloomberg Launches Price Transparency Data Solution

Bloomberg announced the launch of a new Price Transparency Data Solution aimed at helping clients tackle the regulatory challenges presented by SEC Rule 2a-5’s requirements for readily available market quotations. This data solution is powered by BVAL, Bloomberg’s evaluated pricing service, and is part of a growing portfolio of data points helping clients further understand the nature, composition and depth of BVAL prices. These new Bloomberg Data License fields provide inputs to help clients assess and apply new SEC Rule 2a-5‘s requirements for readily available market quotations. The compliance date for new SEC Rule 2a-5 is September 8, 2022, and the requirements are part of a broader regulatory trend around pricing transparency and valuation oversight. Bloomberg provides granular information on the underlying market data behind BVAL prices, such as the volume, age and type of quotes and trades. This data helps users to understand and assess the composition and nature of each and every price and may have a variety of compliance, regulatory and accounting use cases. Bloomberg’s new data solution uses this data to deliver a robust set of indicators to help users in their assessment of their obligations under SEC Rule 2a-5. Users can automatically generate reports that help visualize various parameters of their portfolio, such as quotation age or the readily available flag.