Central Bank of Kenya Integrates Bloomberg Matching Platform for FX Trading

The Central Bank of Kenya has launched Bloomberg’s Electronic Matching System (EMS), BMatch, for interbank trading in the local foreign exchange market. Specifically, the solution offers spot matching functionality for US dollar against Kenyan shilling, allowing anonymous orders to be placed into a central limit order book. These orders are displayed and subsequently matched with counterparty orders based on mutual trading limits and other parameters configured by each bank according to a story in The Trade news. In addition, BMatch is able to be integrated with each banks’ middle and back-office systems and consolidated trade statistics can be made available to the wider market. 

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