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  • Spot transactions are conducted in XOFF environment only
  • BMTF, BTFE and BSEF environments must be specifically enabled by Bloomberg
  • BMTF and BTFE environments are used for MTF and EMIR regulatory trades
  • NDF and NDS may be traded in BSEF environment only
  • Algo ID must be provided by Bloomberg; Short Code ID(s) may be created by Bloomberg users via BGPI function 
  • Components marked in Spec, which tied to specific environments must be used only for those environments.  For example, components required for SEF must be used in BSEF only.
  • Commodities - regulatory fields N/A
  • CASH - presently not supported; Depo-related fields N/A
  • Split Settlement requires special setup from Bloomberg; Tag 22432 - SettlQualifier - is used only for Split Settlement transactions
  • A client may reject request for quote or cancel previously submitted quote
  • "Reg Reporting" and "Pre WVR Post DEF" fields are available only when BMTF or BTFE environments chosen
  • Improperly built messages will result in either error reports from Bloomberg or won't be processed
  • Some fields are required for 2-legged transactions only
  • Bloomberg ID Source is the same for both Regulatory Trade IDs and Allocation Regulatory Trade IDs


BRL Split Settlement

Split settlement can be for spot trades only

  • Available only for Spot transactions in XOFF environment
  • Available in RFS mode only
  • A client must be specifically enabled for Split Settlement by Bloomberg
  • Applicable only to specific currency pairs, like USD/BRL
  • An enabled client can launch his RFQ FXGO icon and select "Subtype" as "Split Settlement"
  • Then a client can change change base currency Settlement Date, which has "Flexible" label to the right, as on the screen shot below 


BRL is deliverable onshore.

Split settlement infers different tenors for each currency in the trade. I agree that if it's split settlement, with the same tenor, then it's not really split settlement at all although we allow the same value date to be applied to both currencies. Maybe I should consider an enhancement to product team that states that a split settlement trade should not have one value date.It works for selected currency pairs.

I think we provide those for tags also when trades were done under MIFID.. Please refer to our FIX spec.

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