Bloomberg, the global business financial information and news provider, today launched the Entity Exchange platform. The new platform is a web-based, centralised and secure solution which enables buy-side firms to provide entity data and documentation to their trading counterparties.
Entity Exchange takes a broader approach to KYC by optimising the client onboarding process for the buy-side.
Entity Exchange essentially eases the process of opening new trade accounts for the buy-side and also helps brokers fulfill Know-Your-Customer (KYC) compliance requirements.
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