Bloomberg FX Benchmark available on eFix Matching Service

Bloomberg FX (BFIX) rates will now be added to the NEX eFix Matching Service, which enables customers to execute fixing interest electronically via the EBS Market platform.

First Published by e-Forex News: June, 2018

Seth Johnson
Seth Johnson

Bloomberg FX (BFIX) rates will now be added to the NEX eFix Matching Service, which enables customers to execute fixing interest electronically via the EBS Market platform. The BFIX benchmark is used by market participants as a fix for portfolio benchmarking, derivatives valuation, index construction, and trade execution and is aligned with the International Organization of Securities Commissions’ (IOSCO) principles for financial benchmarks.

Seth Johnson, CEO of NEX Markets, said, “eFix Matching was launched as a direct response to the Financial Stability Board recommending a solution to ensure robust fix execution. We’ve seen significant demand for BFIX and are thrilled to bring the rates onto our service, continuing our aim to provide benchmarks wherever our client base has a requirement to reduce fixing risk.”