Nex eFix adds Bloomberg benchmarks
Nex chief Seth Johnson says the platform has seen significant customer demand for BFix rates
Bloomberg’s benchmark rates will be available to clients through Nex’s eFix Matching Service, which provides customers with the ability to execute fixing interest electronically through the EBS Market platform.
The Bloomberg BFix rates are used by market participants as a fixing for portfolio benchmarking, derivatives valuations and index construction, besides trade execution.
The rates will be launched on eFix Matching in stages – the first phase went live on May 21, including the 1pm and 4pm
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