Bloomberg Provides the First Word on Currency Markets

Those operating in the currency markets work in a dynamic environment and receive a constant flow of news and information from all angles, at all times. Separating the insight from the noise – in real time – can make the difference in the day’s outcome. That is the crux behind First Word FX, unveiled by Bloomberg today: to help currency pros not only make sense of all the noise, but to empower them to make the most informed decisions possible.

“Clearly designed with the trader in mind, Bloomberg’s First Word FX provides precise, unique insights and content to help me understand where the market is moving so I can react accordingly,” said Jonathan Katz, Foreign Exchange Trader at CIBC in Hong Kong. “The FX markets are so dynamic today that traders need an integrated, single platform to understand and capitalize on this volatility. Bloomberg provides that solution.”

First Word FX has a tailored design – informed by our conversations with market pros – that delivers 24-hour coverage of economic, geopolitical, currency-specific news in a concise, digestible format. It is produced by a global team of currency market experts (including former traders) and journalists, to ensure the flow of news compliments our customers’ daily workflow.

It is a key part of the suite of FX offerings that includes news, data, pre- and post-trade analytics, execution platforms and communication tools, such as IB Dealing. First Word FX is available to all Bloomberg Professional service subscribers at FIRST <GO>.

The FX market averages $5.3 trillion in turnover daily, up more than a third in the past two years, according to the Bank for International Settlements (BIS).  So First Word FX is exactly the type of tool to keep participants ahead of the curve in this increasingly important market.

To learn more about Bloomberg’s FX or news product offerings, click here.