Dealers bullish on Bloomberg chat interface for FX markets
Service expanded its API offering to integrate broker chats into banks’ engines for cash FX pricing late last year
Bank trading desks are optimistic that initiatives by Bloomberg to open its chat application programming interface (API) will significantly help them price bilateral foreign exchange trades more accurately – and help bridge the gap between voice and electronic market-making.
In certain currencies and cash FX instruments, where electronic liquidity on trading platforms is thin, interdealer brokers (IDBs) are still the main way for banks to gather prices and connect to the market.
But sometimes, a
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