Mauritius Commercial Bank (MCB) has adopted Bloomberg’s FX Trading Grid (FXTG), becoming the first Mauritian bank to stream executable FX prices on Bloomberg. As part of their e-FX strategy, MCB will provide streaming FX liquidity including but not limited to G10 currencies to eligible participants on Bloomberg’s regulated trading platforms. This will enable market participants to transact directly against MCB’s liquidity, enhancing transparency and enriching the FX ecosystem.
Katharine Furber, Global Head of FX Electronic Trading at Bloomberg, said: “MCB’s decision to become a price-making bank is significant. It underscores the Bank’s ambition to innovate, utilize advanced technology and bring more choice and transparency to its clients, while also providing Bloomberg trading participants around the world with greater access to G10 liquidity. We are pleased to support MCB as they expand their reach to Bloomberg’s global FX community.”
FXTG is part of Bloomberg’s premier multi-bank electronic trading solution, FXGO, which provides access to deep liquidity through real-time pricing, powerful workflow solutions and sophisticated analytics for price takers across the globe to negotiate FX transactions with their bank relationships FXGO allows market participants to prepare, negotiate, execute and settle FX trades seamlessly, supported by Bloomberg’s analytics, integration and post-trade capabilities
This collaboration marks an important step in the expansion of electronic trading solutions across Africa for both organisations. It highlights the role of technology in connecting regional banks to global markets, supporting the development of local FX ecosystems, and building a more connected financial community.
