Bloomberg FX has just released the second phase of its unique Auctions facility, adding additional FX instruments (spot and forwards)to the existing Deposits functionality. The Auction ticket is an innovative extension of the RFQ ticket which allows users to request prices from multiple counterparties and take prices on various amounts over a period of time (i.e. the auction).
A key benefit is that liquidity providers can use this capability to define the full amount
they wish to offer their buy-side customers. The flexibility of this format has led to its adoption by a wide range of users - from asset managers and corporations to central banks - and offers those users considerable depths of liquidity from a wide selection of sell-side institutions.