Bloomberg BFIX Includes EBS Market Data to Expand Spot FX Capabilities

Bloomberg FX Fixings (BFIX) is set to include EBS Market’s spot FX transactions in its offering, as part of an agreement between Bloomberg Index Services Limited (BISL) and CME Group.  By including and using FX transaction data, the offering is expected to assist clients and market participants in matching BFIX, to enhance efficiency and reduce risk.  The firm has also said that the addition of EBS Market transaction data also aligns with BFIX’s aim to provide reliability and transparency in FX fixings for global currency markets.  “The trade data from a leading primary market venue like EBS Market will complement our benchmark and strengthen the ability of banks to take on larger orders developing from the buy-side on BFIX,” said Colin Gallagher, BFIX benchmark and currency indices product manager at BISL.  Specifically, BFIX’s benchmark suite production spans over 1,300 spot currency pairs and 3,950 forward and non-deliverable forward (NDF) fixings.