Bank of America Expands online FX Offerings in Europe
Bank of America has announced the release of its second-generation Internet-based dealing service, FX02, in Europe, the Middle East and Africa. The bank’s online FX dealing service was launched in the U.S. in 2000. Clients can collaborate with an FX advisor via the online chat facility, discuss trade ideas, evaluate hedging strategies, execute trades, view trade blotters and communicate settlement instructions. In addition, Bank of America recently announced the introduction of BAFX on the Bloomberg L.P. network. BAFX enables bank clients to initiate foreign currency spot, forward and swap transactions directly with its foreign exchange desk, 24 hours a day.