Bloomberg Launches Chat Service for FX Traders
- Leading news and information provider, Bloomberg, has launched a new messaging service to complement its existing research facilities as traders look for complete trade execution solutions in the vibrant FX markets.
FX traders using Bloomberg’s trading solutions can take advantage of the chat service the firm offers to provide a complete foreign exchange trade Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term service. Bloomberg unveiled, Instant Bloomberg (IB) Dealing, a new chat service where traders can engage in various trading related services including the; ability to negotiate and confirm spot, outright, non-deliverable forwards (NDFs), deposits and option transactions.
The chat service is currently being used by 100 global banks across 46 countries. Bloomberg is one of most widely used data and information services, on the firm’s website they state they have 315,000 subscribers on their Bloomberg Professional set up, exchanging 200 million messages a day.
"IB Dealing – which has been developed in collaboration with FX traders – provides the global FX community with the capabilities it needs to negotiate transactions, electronically execute and report trades using one, integrated platform," said Tod Van Name, Bloomberg’s Global Head of FX, Economics and Commodities in a statement to the press.
Among the 100 global banks is Citi, a US based international financial services firm. David O’Shea, Director of Emerging Market FX and EMFX E-commerce at Citi in New York spoke about the service in a statement to the media: "Bloomberg’s IB Dealing capabilities have significantly reduced the costs of our foreign exchange trading operations and improved our internal communication, by developing a single integrated platform, Bloomberg has produced a solution that Citi will be able to rely on for years to come."
Bloomberg’s new chat service complements its existing research, Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term and trade execution service. Reuters, one of the largest dealer to dealer FX venues launched its signature messaging system, Reuters Messaging, in 2002.
FX traders using Bloomberg’s trading solutions can take advantage of the chat service the firm offers to provide a complete foreign exchange trade Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term service. Bloomberg unveiled, Instant Bloomberg (IB) Dealing, a new chat service where traders can engage in various trading related services including the; ability to negotiate and confirm spot, outright, non-deliverable forwards (NDFs), deposits and option transactions.
The chat service is currently being used by 100 global banks across 46 countries. Bloomberg is one of most widely used data and information services, on the firm’s website they state they have 315,000 subscribers on their Bloomberg Professional set up, exchanging 200 million messages a day.
"IB Dealing – which has been developed in collaboration with FX traders – provides the global FX community with the capabilities it needs to negotiate transactions, electronically execute and report trades using one, integrated platform," said Tod Van Name, Bloomberg’s Global Head of FX, Economics and Commodities in a statement to the press.
Among the 100 global banks is Citi, a US based international financial services firm. David O’Shea, Director of Emerging Market FX and EMFX E-commerce at Citi in New York spoke about the service in a statement to the media: "Bloomberg’s IB Dealing capabilities have significantly reduced the costs of our foreign exchange trading operations and improved our internal communication, by developing a single integrated platform, Bloomberg has produced a solution that Citi will be able to rely on for years to come."
Bloomberg’s new chat service complements its existing research, Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term and trade execution service. Reuters, one of the largest dealer to dealer FX venues launched its signature messaging system, Reuters Messaging, in 2002.