Powermatch FX Debuts on Bloomberg
CONNECTIVITY
NEW YORK--Bloomberg has completed the rollout of its Powermatch FX interbank platform for forward FX swaps via the Bloomberg Professional Service.
The system has logged more than $80 billion in trades since 40 pilot bank users began trading on July 23, says Andrew Hausman, global head of electronic FX trading, energy, and exchange-traded derivatives at Bloomberg. A total of 118 banks have committed to the system and 75 have beta-tested it.
Powermatch handles cable (sterling-dollar), euro/dollar
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