New Bloomberg Tradebook Electronic FX Marketplace Goes Live
Bloomberg Tradebook Services has launched its new electronic foreign exchange trading platform on the Bloomberg Professional service. The new Bloomberg Tradebook foreign exchange (FX) platform uses Bank of America as clearing and settlement counterparty. The Bloomberg Tradebook FX service provides a marketplace for spot dealing in more than 40 currencies and enables clients to roll their trades in 28 currencies electronically. The platform offers advanced trading strategies including event-driven orders and sweeping, time-queued and stop loss orders. The platform aggregates liquidity from a diverse set of providers and Bloomberg Tradebook participants, creating a deep natural liquidity pool for institutional investors. It also aggregates all partial executions within an order into one single trade ticket with one average price for settlement, with the client’s choice of credit counterparty.