Bloomberg and Traiana work to streamline FX option workflows

Bloomberg STP Solutions and Traiana have announced a joint effort to develop a straight- through processing infrastructure to further streamline the workflow of foreign exchange (FX) options.

First Published by e-Forex News: October, 2015

Ben Macdonald

Ben Macdonald

Bloomberg STP Solutions and Traiana have announced a joint effort to develop a straight- through processing infrastructure to further streamline the workflow of foreign exchange (FX) options.

“As the FX market reaches greater levels of automation, FX options, with their complex instrument structures and numerous post-execution events, continue to involve manual processes which present operational risks and challenges to market participants,” said Ben Macdonald, Bloomberg’s Global Ben Macdonald Head of Product. “We believe that providing a decentralized solution to both buy and sell side participants offers them the flexibility needed for broad market coverage and a greater level of participation.”