Bloomberg has launched new Canadian foreign exchange benchmark rates. Bloomberg Canada BFIX is a family of benchmarks used for portfolio benchmarking, derivatives valuation, index construction, and trade execution. BFIX covers spot, forward and non-deliverable forward (NDF) rates. They are based on a Time Weighted Average Price (TWAP) methodology that captures streaming bid/ask data – indicative executable and executed – from multiple FX pricing providers. “Bloomberg is ready, willing and able to provide Canadian corporates and investors with a new, flexible and reliable set of data to help them get currency pricing with even more accuracy and transparency,” said Ben Macdonald, Bloomberg’s Global Head of Product.