Bloomberg Index Services Limited (BISL) has announced an agreement with CME Group to include EBS Market’s Spot FX transactions in its Bloomberg FX Fixings (BFIX) offering.
“The trade data from a leading primary market venue like EBS Market will complement our benchmark and strengthen the ability of banks to take on larger orders developing from the buyside on BFIX,” said Colin Gallagher, BFIX Benchmark & Currency Indices Product Manager, Bloomberg Index Services Limited. “We’re very happy to expand our distribution with CME Group to capture a broader pool of market liquidity which enhances the benchmark.”
The use of FX transaction data improves the ability for market participants to match BFIX, providing greater efficiency gains and reducing overall risk. The addition of EBS Market transaction data strengthens the objective of BFIX to provide FX fixings that are reliable, representative and transparent for global currency markets.
