Shell picks Bloomberg for Treasury system

Shell’s Foreign Exchange Central Treasury business, which manages one of the world’s largest annual FX operating turnover, has implemented a Bloomberg service that connects its subsidiaries globally.

November, 2018

Tod Van Name
Tod Van Name

Shell’s Foreign Exchange Central Treasury business, which manages one of the world’s largest annual FX operating turnover, has implemented a Bloomberg service that connects its subsidiaries globally. The new technology was built by Bloomberg in collaboration with Shell and connects the company’s central treasury office directly to its 718 operating units in 22 countries, so they can quickly and electronically exchange information. The functionality helps Shell manage its group risk with more than 200 distinct bank counterparties via the Bloomberg Terminal. Tod Van Name, Bloomberg Global Head of FX Electronic Trading, said, “Shell has long been an early adopter of innovative FX technology. They have used Bloomberg’s FXGO electronic execution for many years. Together, we have built a solution that creates a fast and easy end-to-end electronic FX workflow with a reliable order audit trail.”