Bloomberg Introduces FX Fixing Rates
Bloomberg has recently introduced BFIX<go>, a new level of benchmarking for foreign exchange prices over the Bloomberg platform.
Bloomberg has recently introduced BFIX<go>, a new level of benchmarking for foreign exchange prices over the Bloomberg platform. BFIX employs Bloomberg’s proprietary algorithm used in FXGN to calculate high quality, independent mid-market benchmark prices. BFIX generates benchmarks throughout the trading day at fixed, half hourly intervals. These benchmarks provide a real time and historical view of market rates that have been independently verified by Bloomberg. BFIX complements Bloomberg’s unique, commission-free e-FX trading platform which continues to see significant growth in its volume, number of trades and number of buy and sell side participants. Bloomberg’s FX model now encompasses single bank streaming and multi-bank RFQs for spot, outrights and swaps; single bank FX Option RFQs; pre and post trade allocations and full STP integration.