Volkswagen Brazil Adopts Bloomberg's FXGO Trading Platform
Volkswagen Brazil, a wholly owned subsidiary of the German automobile manufacturer, has adopted Bloomberg’s Foreign Exchange 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 FXGO to manage its global currency risks.
Volkswagen Brazil is among a growing number of corporations using FXGO to find transparent pricing, execute currency trades and hedge foreign exchange risk. FXGO is part of the Bloomberg Professional service, which is also used by Volkswagen Brazil to monitor global news and financial market data, communicate with global counterparties and evaluate economic outlooks.
“Bloomberg’s system simplifies our pricing process, increases internal and external communications and provides us a single, integrated solution for financial information and currency trading,” said Bernd Schmidt-Liermann, Volkswagen’s Head of Regional Treasury in South America. “The platform provides our organization increased efficiency and agility, and that was paramount in our decision to select Bloomberg as our sole currency trading platform.”
Volkswagen Brazil now also uses FXGO to manage foreign exchange exposure for Volkswagen Argentina, and plans to use the platform with other subsidiaries across South America.
“Corporations around the world are looking to Bloomberg for more efficient, cost-effective solutions in today’s challenging market environment,” said Tod Van Name, Bloomberg’s Global Head of Foreign Exchange, Economics and Commodities. “Bloomberg FXGO provides firms with transparent pricing, trading solutions and integration with Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, and internal systems all on one platform.”
In Brazil since 1953, Volkswagen Brazil is the country’s largest manufacturer of automobiles and light commercial vehicles and the largest automotive segment exporter.
“We are providing the Volkswagen Brazil team a simple, commission-free solution that empowers them to manage their currency exposure,” said Geraldo Coelho, Bloomberg’s Head of Sales for South America. “Through FXGO we are offering companies of all sizes, geographies and industries the ability to improve their price discovery, automate financial transactions and ultimately reduce operational risks.”
Bloomberg FXGO enables corporate treasurers, traders and investment professionals to electronically execute eligible spot, outright, swap, non-deliverable forward (NDF), deposit and option transactions with more than 300 global providers.
Volkswagen Brazil, a wholly owned subsidiary of the German automobile manufacturer, has adopted Bloomberg’s Foreign Exchange 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 FXGO to manage its global currency risks.
Volkswagen Brazil is among a growing number of corporations using FXGO to find transparent pricing, execute currency trades and hedge foreign exchange risk. FXGO is part of the Bloomberg Professional service, which is also used by Volkswagen Brazil to monitor global news and financial market data, communicate with global counterparties and evaluate economic outlooks.
“Bloomberg’s system simplifies our pricing process, increases internal and external communications and provides us a single, integrated solution for financial information and currency trading,” said Bernd Schmidt-Liermann, Volkswagen’s Head of Regional Treasury in South America. “The platform provides our organization increased efficiency and agility, and that was paramount in our decision to select Bloomberg as our sole currency trading platform.”
Volkswagen Brazil now also uses FXGO to manage foreign exchange exposure for Volkswagen Argentina, and plans to use the platform with other subsidiaries across South America.
“Corporations around the world are looking to Bloomberg for more efficient, cost-effective solutions in today’s challenging market environment,” said Tod Van Name, Bloomberg’s Global Head of Foreign Exchange, Economics and Commodities. “Bloomberg FXGO provides firms with transparent pricing, trading solutions and integration with Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, and internal systems all on one platform.”
In Brazil since 1953, Volkswagen Brazil is the country’s largest manufacturer of automobiles and light commercial vehicles and the largest automotive segment exporter.
“We are providing the Volkswagen Brazil team a simple, commission-free solution that empowers them to manage their currency exposure,” said Geraldo Coelho, Bloomberg’s Head of Sales for South America. “Through FXGO we are offering companies of all sizes, geographies and industries the ability to improve their price discovery, automate financial transactions and ultimately reduce operational risks.”
Bloomberg FXGO enables corporate treasurers, traders and investment professionals to electronically execute eligible spot, outright, swap, non-deliverable forward (NDF), deposit and option transactions with more than 300 global providers.