Vodafone to Manage FX with Bloomberg
Bloomberg has announced that Vodafone Hutchison Australia (VHA) has selected its foreign exchange (FX) trading platform, FXGO, to manage its FX risk.
VHA will use the platform to execute FX trades, request quotes and manage price on a commission-free basis. The company is a joint venture between telecoms operator Vodafone and Hutchison 3G.
"We have found Bloomberg to be the best platform to manage our FX risk and now trade exclusively on FXGO," says Robert Partos, VHA's external treasury manager. "After rigorous comparison, we found Bloomberg provides a better service, giving us a number of different quotes from the main banks. Auditing trades is also much easier with the enhanced transparency of being able to assess all bank prices before we trade."
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