Angola adopts Bloomberg FXGO

The Banco Nacional de Angola (BNA) has adopted Bloomberg’s foreign exchange electronic trading system (FXGO) and its electronic auction system to bring greater efficiency and transparency to Angola’s FX market.

First Published by e-Forex News: July, 2020

Tod Van Name
Tod Van Name

The Banco Nacional de Angola (BNA) has adopted Bloomberg’s foreign exchange electronic trading system (FXGO) and its electronic auction system to bring greater efficiency and transparency to Angola’s FX market. The solutions provide the BNA with real-time visibility of market activity, improving its oversight of Angola’s FX market, and enable the central bank to manage its market operations more efficiently. Tod Van Name, Bloomberg’s Global Head of FX Electronic Trading, said, “We are pleased to help the Banco National de Angola implement a step change in the management of its monetary operations and improve the functioning of Angola’s FX market. The combination of Bloomberg’s FXGO and auction system provides local market participants with FX technology used by central banks, government financial agencies and leading financial institutions across the world.