Bloomberg revamps FX Dealing system

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The upgraded system enables banks to automatically feed prices from their pricing engine via a Fix API. Previously, banks would provide prices to the system manually or use a turn-key pricing engine provided by Bloomberg, said Philip Brittan, New York-based global head of the company’s FX business.

Brittan added that the upgraded system also features a richer user interface that provides greater information on deal status. For example, quotes for forwards trades are laid out more completely.

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