Bloomberg has unveiled Instant Bloomberg (IB) Dealing, a chat-based platform for FX traders. IB Dealing is already being used by more than 100 global banks across 46 countries for trade negotiation, execution and straight-through processing (STP). Citi collaborated with Bloomberg to enhance IB Dealing and its adoption of the platform generated department-wide cost savings by reducing the number of other trade communication systems used by their FX and emerging markets trading desks. IB Dealing, used to negotiate and confirm spot, outright, non-deliverable forwards (NDFs), deposits and option transactions, is integrated with Bloomberg’s instant message capabilities and multi-bank trading platform, FXGO. All subscribers to the Bloomberg Professional service can access IB Dealing by typing IBD.