Bloomberg as we speak introduced the addition of a brand new suite of FX Pricing High quality instruments, obtainable to FXGO shoppers by Bloomberg’s multi-asset reporting instrument for digital buying and selling (MISX).
Customers can now shortly analyze and dissect pricing high quality and efficiency for any RFQ pricing requests, together with batch trades, despatched over FXGO, Bloomberg’s premier multi-bank FX buying and selling resolution.
Value makers can now make the most of MISX Pricing High quality Analytics to extra shortly establish the place alternatives to cost are being missed and why, comparable to resulting from inside counterparty setup, enablement points, or inside credit score rejects. By figuring out devices and forex pairs the place they’re lacking circulate due to pricing high quality points, worth makers can higher perceive how and the place to enhance their setup and pricing high quality to win extra enterprise over FXGO.
Value takers can use MISX Pricing High quality Analytics to analyze how usually a counterparty priced and received the commerce, have been runner up with the “Greatest Various” worth or positioned someplace within the pack. Value takers can even measure how usually a counterparty declined to cost, failed to choose up the request, or rejected a request to deal. These instruments assist to construct a extra full image as to the place counterparty pricing high quality is persistently superior in addition to the place and with whom pricing high quality wants to enhance.
“Transparency and the provision of real-time info is an important a part of profitable buying and selling operations for our shoppers, and we’re all the time working to boost FXGO capabilities to fulfill this want,” mentioned Tod Van Identify, International Head of International Alternate Digital Buying and selling at Bloomberg. “These new Pricing High quality Analytics in MISX present each purchase and sell-side market members with unparalleled breadth and depth of research and output, that may assist them make extra knowledgeable buying and selling choices and obtain higher outcomes.”
Bloomberg’s FXGO is a premier multi-bank FX buying and selling platform offering entry to deep liquidity by real-time pricing, highly effective workflow options and complex analytics for worth takers throughout the globe to barter FX transactions with their financial institution relationships.
FXGO gives streaming or RFQ for spot, outrights, swaps, NDFs, deposits and choices in any forex pair and tenor, together with entry to algorithmic order options supplied by greater than 30 prime suppliers. FXGO additionally integrates with a number of third-party order administration, treasury administration and accounting methods and facilitates straight-through processing (STP) in quite a lot of versatile codecs, making a seamless and environment friendly funding workflow.