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Philippines’ Logistics Giant LBC Express Adopts Bloomberg’s Foreign Exchange Electronic Trading Platform

December 4, 2017

LBC Express Holdings Inc (LBC), a leading logistics company in the Philippines, has adopted Bloomberg’s Foreign Exchange electronic trading platform (FXGO) to support its treasury function as it continues to expand and boost growth.

LBC, listed on the Philippines stock exchange, is a market leader in retail and corporate courier and cargo, money remittance, and logistics services. Today, it has a growing network of over 6,400 branches, hubs, warehouses, partners and agents across 30 countries.

“As LBC seeks to expand and grow, Bloomberg FXGO is a platform that will allow us to make FX trading, hedging and investment decisions quickly,” said Enrique V. Rey, Jr., Chief Financial Officer of LBC Express Holdings, Inc. “We can now access real-time executable pricing from multiple banks, click and trade various FX instruments on the best price provided as well as use compliance and reporting tools for effective tracking.”

Bloomberg’s FX solutions provide real-time pricing information integrated with news, data and analytics for traders to monitor markets, analyze trends and generate trading ideas. A commission-free trading platform for both corporates and banks, Bloomberg FXGO provides access to liquidity from over 500 providers worldwide for financial institutions, corporations, money managers and hedge funds across all major FX instruments including spot, forwards, options, non-deliverable forwards (NDFs) and deposits.

“By selecting Bloomberg’s FX solutions, LBC has set a new benchmark for corporate treasury in the Philippines,” said Grant Coombe, APAC FX sales strategy, Bloomberg. “Today, nearly 75 percent of FX trading globally is done electronically, which will continue to increase especially in emerging markets as e-trading improves deal capture and risk management.”

Last year, Bloomberg launched its tri-party ticketing system for the interbank community in the Philippines, providing real-time access to brokered foreign exchange forward transactions to market participants.  The system allows brokers to seamlessly trade with clients and report their trades, hence improving operational workflow and enhancing market transparency.

Bloomberg is also the official calculating agent for the Philippines interbank reference rate {PHRF<GO>} and provider of the FX forwards trading platform.

For more information on Bloomberg’s FX electronic trading solutions, please visit https://www.bloomberg.com/professional/product/fx-electronic-trading/ or {FXGO <GO>} on the Bloomberg Terminal.

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About LBC
LBC is the Philippines’ market leader in retail and corporate courier & cargo, money remittance, and logistics services. With a growing network of over 6,400 branches, hubs & warehouses, partners, and agents in over 30 countries, LBC is committed to moving lives, businesses, and communities and delivering smiles around the world. Listed in the Philippine Stock Exchange through LBC Express Holdings, Inc., LBC aims to deliver value to all of its stakeholders, as it has for over 60 years.  Founded in 1945 as a brokerage and air cargo agent, LBC pioneered time-sensitive cargo delivery and 24-hour door-to-door delivery in the Philippines. Today, it is the most trusted logistics brand of the Global Filipino. LBC can move it for you: visit www.LBCexpress.com, or call telephone +632 8585 999 (Metro Manila), 1 800 10 8585 999 (Provincial), +632 9086 522 (Solutions) and follow LBCExpress (Facebook and Twitter). For corporate information, visit www.LBCExpressHoldings.com 

About Bloomberg
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Terminal. Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit Bloomberg.com/companyor request a demo.

Media Contacts

LBC
Rea L. Gomez, rlgomez@lbcexpress.com +63-918-8505766

Bloomberg
ASEAN, Grace Ngoh, gngoh2@bloomberg.net, +65-6231-3690
U.S. & LATAM, Pam Snook, pamsnook@bloomberg.net, +1-212-617-7653
EMEA, Anna Schoeffler, aschoeffler1@bloomberg.net, +44-20-3525-0776