Tag: Bloomberg

Bloomberg

INTL FC Stone Joins FXGO

INTL FCStone says its London FX desk is now a liquidity provider on Bloomberg’s FX electronic trading platform, FXGO. Joining the FXGO platform enables the firm to offer added efficiencies for market participants conducting FX trading, it says. Bloomberg’s FXGO allows service providers to contribute executable pricing across a wide range of currencies via the […]

Sumitomo Electric Joins CLS Settlement

Sumitomo Electric Industries (SEI) has become the first Japanese manufacturing company to access CLS Settlement as a third-party participant. The company is settling its FX transactions via its third-party service provider, Sumitomo Mitsui Banking Corporation (SMBC), supported by Bloomberg’s FX Confirmation Matching Service (CMS) post-trade processing technology. CLS says that SEI’s participation “marks a significant […]

Algos: Next Big Thing or Already There?

From a trader using their skills and multiple channels to execute client orders to a silent world of APIs and smart order routers, the execution process has changed almost beyond recognition over the past 20 years – but, as Colin Lambert finds out, not everyone sees algos as the next big thing in FX markets. […]

Bloomberg Launches Algo Analytics Service for FXGO

Bloomberg has released a new analytics hosting service for algorithmic orders on FXGO, with Goldman Sachs being the first liquidity provider to use it. The new algorithmic order service is available on FXGO’s execution manager, a Bloomberg Launchpad function that allows clients to manage their incoming orders and subsequently route them to liquidity providers. The […]

FX and the Big Bang Theory

As electronic trading went mainstream, it created an explosion of growth in the market. But has this growth run out of steam? Galen Stops takes a look. The Big Bang Theory – in addition to being a popular American sitcom – is a well-known scientific thesis that posits the universe started with a small singularity […]

Bloomberg Acquires RegTek Solutions

Bloomberg today announced that it has acquired RegTek.Solutions, a provider of global regulatory reporting software solutions. The acquisition will expand the range of regulatory reporting services offered by Bloomberg, the firm says, and deliver a fully integrated and comprehensive service that supports compliance with current and upcoming regulatory reporting requirements across multiple jurisdictions around the […]

Survey Highlights Barriers to Treasurers Implementing New Hedging Policies

Internal and technological challenges were cited as one of the main barriers to corporate treasurers adopting cash flow at risk (CFaR) hedging policies, according to a new survey from Bloomberg. More than 100 corporate treasurers, financial analysts and risk managers responded to the poll, which Bloomberg says found that CFaR and earnings at risk (EaR) […]

Bloomberg Selected as Benchmark Fallback Vendor

The International Swaps and Derivatives Association (ISDA) has announced that Bloomberg Index Services Limited (BISL) has been selected to calculate and publish adjustments related to fallbacks that ISDA intends to implement for certain interest rate benchmarks in its 2006 ISDA Definitions. Bloomberg was chosen following an in-depth selection process, which began with a public invitation to […]

Chiu Joins Bloomberg

Stephen Chiu has joined Bloomberg as an Asia FX rates strategist. Based in Hong Kong, Chiu joins from China Construction Bank, where he had been a vice president and FX and rates strategist since 2016. Prior to that, Chiu spent over six years at Bank of Tokyo-Mitsubishi UFJ, initially working as a trader before becoming […]

Bloomberg: Handling a Sea of Change

“The biggest driver for the industry last year was regulation. It created a sea of change in the way that markets actually behave,” says Tod Van Name, global head of FX electronic trading at Bloomberg. MiFID II was obviously the major piece of regulation driving this change in 2018, but although this regulation only applied to firms operating in Europe, Van Name says it caused a much broader push globally to raise market transparency, track trade details, and justify all of the decisions made around trade execution. While it represented a big lift for many multi-dealer platforms, this was especially acute for a firm like Bloomberg, which offers such a wide array of securities and instruments that trade across many asset classes and to a diverse range of client types.