Vodafone Signs up to Bloomberg FX's Trading Platform

Vodafone Hutchison Australia PTY LTD (VHA), a 50/50 joint venture between Vodafone, the world's leading mobile telecommunications company and Hutchison 3G, has selected Bloomberg's Foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term (FXGO) to manage exchange rate risk.

VHA is among the growing number of corporations using FXGO to manage foreign exchange risk, execute FX trades and get requests for quotes. FXGO is part of the Bloomberg Professional service platform, which is also used by VHA's Corporate Relations, Marketing, Product Development, Risk and Compliance units for market data, counterparty risk information, economic data and pricing information.

"We have found Bloomberg to be the best platform to manage our FX risk and now trade exclusively on FXGO," said Robert Parts, VHA's External Treasury Manager. "After rigorous comparison, we found Bloomberg provides a better service, giving us a number of different quotes from the main banks. Auditing trades is also much easier with the enhanced transparency of being able to assess all bank prices before we trade," he added.

Tod Van Name, global head of Bloomberg's FX business, said, "Corporate executives around the world are finding that FXGO is giving them an extra edge in today's challenging marketplace. Bloomberg FXGO is a commission-free electronic trading platform and its quality rates, data transparency and robust trading is making it the platform of choice for corporate treasurers."

"Vodafone is a leading company that is managing FX exposure seamlessly and cost-effectively, across the organization," said Amanda Dobbie, Bloomberg's Head of Sales for Australia and New Zealand. "With FXGO, Vodafone and other companies can get prices from a range of preferred banks, execute trades and integrate their trading activities with their risk, order management and back office systems - all on one platform."