Bloomberg Introduces FX Fixing Rates

  Bloomberg has recently introduced BFIX<go>, a new level of benchmarking for foreign exchange prices over the Bloomberg platform.

First Published by e-Forex News: April, 2007

&nbsp; Bloomberg has recently introduced BFIX&lt;go&gt;, a new level of benchmarking for foreign exchange prices over the Bloomberg platform. BFIX employs Bloomberg&rsquo;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&rsquo;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&rsquo;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.