Foreign Exchange Market in Sri Lanka Chooses Bloomberg FXGO’s Electronic Matching System for the Interbank Foreign Exchange Market
March 03, 2025
Colombo: Bloomberg today announced that the Foreign Exchange market in Sri Lanka has chosen Bloomberg’s BMatch solution for interbank trading in the local spot foreign exchange market.
FXGO’s BMatch solution offers matching functionality to the local interbank community for spot US Dollar against the Sri Lankan Rupee (LKR). BMatch allows anonymous orders to be placed into a central limit order book, which are displayed and then matched with counterparty orders based on mutual trading limits and other parameters configured by each bank. The solution can be integrated with banks’ middle and back-office systems. Consolidated trade statistics can also be calculated and made available to the market. BMatch in Sri Lanka is operated by Tradebook Singapore.
“Robust and efficient financial markets will play a key role in the future growth of Sri Lanka’s economy. Bloomberg is well-placed to provide technical infrastructure solutions for foreign exchange markets and can easily adapt these to the specific needs of any market around the world. We are delighted to support the Foreign Exchange Market in Sri Lanka with our BMatch solution, which will help boost liquidity in the local foreign exchange market while making it more transparent and efficient.” said Rajiv Mirwani, head of Bloomberg, South Asia.
About Bloomberg’s FXGO
Bloomberg’s FXGO is the premier multi-bank FX trading solution providing access to deep liquidity through real-time pricing, powerful workflow solutions and sophisticated analytics for price takers across the globe to negotiate FX transactions with their bank relationships. FXGO provides streaming or RFQ for spot, outrights, swaps, NDFs, deposits, precious metals and options in any currency pair and tenor, along with access to algorithmic order solutions offered by more than 30 top providers. FXGO also integrates with multiple third-party order management, treasury management and accounting systems and facilitates straight-through processing (STP) in a variety of flexible formats, creating a seamless and efficient investment workflow.
About Bloomberg
Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration.
For more information, visit Bloomberg.com/company or request a demo.
Press Contact:
APAC: Aniruddha Ghosh (aghosh102@bloomberg.net)
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