Bloomberg FX Enhances STP Capabilities

In July FX, Bloomberg's electronic portal for foreign exchange execution, will release an Application Program Interface (API) to further enhance the straight through processing capabilities already offered. The API will make it easier for trade data to flow into any back office systems and will bring to full circle Bloomberg's objective of a single desktop solution for the pre-trade, trade and post trade process.FX is a free product offered on the Bloomberg Professionalâ„¢ service. Users can access economic news, research, and prices and a suite of other applications to determine the best strategy or position for their foreign exchange trades, then execute the trade without leaving their research vehicle to call a bank or input a settlement ticket. The platform, which is operational in 12 countries, has doubled its trade flow in the past 3 months and plans to continue the trend with the release of the API this summer....continued

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