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Bloomberg Unveils FX Option Trading Technology
Bloomberg executives today unveiled a new feature that enables clients to trade foreign exchange (FX) options through Bloomberg's multi-bank trading platform, FXGO. Through the request-for-quote (RFQ) system, market participants can simultaneously request and consolidate pricing from multiple providers for any currency option. Bloomberg's FX option solution provides buy-side firms, corporate treasuries and other institutions tools to obtain multiple prices before executing a trade, facilitating a seamless transition to the regulated environment anticipated under new derivatives legislation. "Regulation is ... (full story)