Bloomberg Launches CSDR Workflow Tools Ahead of Regulation Deadline

Bloomberg has launched a set of CSDR penalty, eligibility, and workflow tools to help buy- and sell-side firms minimize penalties and augment successful settlement rates. CSDR’s Settlement Discipline Regime (SDR), which is due to come into effect in February next year, requires firms across the street to pay penalties if trade exceptions are not quickly resolved. The FailStation workflow tools will allow clients to prioritize fails based on the penalty size, as well as isolate eligible CSDR transactions and initiate the resolution process by sending automatic notifications to stakeholders. The tools are integrated with Bloomberg’s order management system, AIM, forming part of a “consolidated post-trade operations package”.