The FX market in Sri Lanka has chosen Bloomberg’s BMatch solution for interbank trading in the local spot foreign exchange market. FXGO’s BMatch solution offers matching functionality to the local interbank community for spot US Dollar against the Sri Lankan Rupee (LKR). BMatch allows anonymous orders to be placed into a central limit order book, which are displayed and then matched with counterparty orders based on mutual trading limits and other parameters configured by each bank. “Robust and efficient financial markets will play a key role in the future growth of Sri Lanka’s economy. Bloomberg is well-placed to provide technical infrastructure solutions for FX markets and can easily adapt these to the specific needs of any market around the world. We are delighted to support the FX Market in Sri Lanka with our BMatch solution, which will help boost liquidity in the local FX market while making it more transparent and efficient.” said Rajiv Mirwani, head of Bloomberg, South Asia.
