Bloomberg Tradebook to Discontinue Foreign Exchange Business

Bloomberg to concentrate foreign exchange efforts through FXGO platform, Tradebook FX platform to be discontinued from March 1.

Bloomberg Tradebook is one of a number of agency brokers that have experienced dwindling FX trade volumes in recent years.

Following the closure of its Tradebook FX platform, Bloomberg will continue its presence within the foreign exchange market, where daily trading volumes currently stand at around $1 trillion, through its FXGO platform, which saw a 17 percent increase in its user base last year.

"While Bloomberg Tradebook will discontinue its FX business and concentrate on its core mission of providing quality agency brokerage services, Bloomberg as a whole remains focused on FX," Bloomberg officials said in a st