Bloomberg has launched its Asia-Pacific regional hosting solution in Singapore, greatly improving FX pricing and trade negotiation on its multi-bank FXGO trading platform. Low-latency hardware and software optimizations implemented in Singapore have optimized pricing by major international and regional liquidity providers, improving best execution and reducing transaction costs for regional FX market participants. Several major international investment banks have already connected to the solution in Singapore, delivering an enriched FX trading environment for clients and helping to contribute to the growth and development of Singapore as an APAC center of FX liquidity distribution. “We are pleased to be supporting the region’s FX community by consistently deploying cutting-edge technology in areas that matter most to our clients,” said Tod Van Name, Global Head of FX Electronic Trading at Bloomberg. “We cannot underestimate the growth potential of FX trading in the Asia-Pacific region, especially as trading electronically continues to gain momentum.” He added, “We will continue to invest in additional solutions that will bring greater operational efficiencies and transparency for our global FX community.”
