{"id":31108,"date":"2023-04-19T21:35:17","date_gmt":"2023-04-20T01:35:17","guid":{"rendered":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-launches-regional-hosting-solution-for-asia-fx-customers\/"},"modified":"2023-04-19T21:35:17","modified_gmt":"2023-04-20T01:35:17","slug":"bloomberg-launches-regional-hosting-solution-for-asia-fx-customers","status":"publish","type":"press","link":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-launches-regional-hosting-solution-for-asia-fx-customers\/","title":{"rendered":"Bloomberg Launches Regional Hosting Solution for Asia FX Customers"},"content":{"rendered":"
\n \n\t\n\t\n\t
\n\t\t\n\t\t\t
\n\t
\n \n

Server-side optimizations in Singapore significantly improve the trading efficiency and execution experience on FXGO between major FX trading centers in Asia <\/em><\/p>\n

Singapore \u2013 Bloomberg announced it has launched its Asia-Pacific regional hosting solution in Singapore, greatly improving FX pricing and trade negotiation on its multi-bank FXGO trading platform. Low-latency hardware and software optimizations implemented in Singapore have optimized pricing by major international and regional liquidity providers, improving best execution and reducing transaction costs for regional FX market participants. Several major international investment banks have already connected to the solution in Singapore, delivering an enriched FX trading environment for clients and helping to contribute to the growth and development of Singapore as an APAC center of FX liquidity distribution.<\/p>\n

“Bloomberg\u2019s efforts to reduce FX latency will have long term positive implications for the region\u2019s FX market,” said Foo-Weng Cheng, Head of eFX sales APAC at UBS. “With a growing number of primary inter-dealer platforms, multi-dealer platforms and FX liquidity venues setting up in Singapore, the community was looking for technology to enhance many of our matching, pricing and trading engines with low-latency solutions. We welcome Bloomberg\u2019s latest enhancements, and we look forward to capturing more growth opportunities as this region\u2019s FX needs become more sophisticated.\u201d<\/p>\n

According to the 2022 Triennial Central Bank Survey of the global FX and over-the-counter (OTC) derivatives market conducted by the Bank for International Settlements, Singapore retained its position as the third largest FX center in the world<\/a>, after the UK and the US, with its share of global FX volumes rising to 9.5% in April 2022, from 7.7% in April 2019.<\/p>\n

\u201cWe are pleased to be supporting the region\u2019s FX community by consistently deploying cutting-edge technology in areas that matter most to our clients,\u201d said Tod Van Name, Global Head of FX Electronic Trading at Bloomberg. \u201cWe cannot underestimate the growth potential of FX trading in the Asia-Pacific region, especially as trading electronically continues to gain momentum.\u201d He added, \u201cWe will continue to invest in additional solutions that will bring greater operational efficiencies and transparency for our global FX community.\u201d<\/p>\n

Bloomberg\u2019s FXGO is the premier multi-bank FX trading platform that provides access to deep liquidity through real-time pricing, powerful workflow solutions and sophisticated analytics for price takers across the globe to execute or negotiate FX transactions with their bank relationships. FXGO provides streaming or RFQ for spot, outrights, swaps, NDFs, deposits 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.<\/p>\n

Bloomberg was recently awarded \u2018Best Buyside FX Trading Platform\u2019 at FX Markets Asia Awards. To find out more about our FX electronic trading solutions, please visit https:\/\/www.bloomberg.com\/professional\/product\/fx-electronic-trading\/<\/a>.<\/p>\n

Bloomberg Electronic Trading Solutions (ETS) are used by leading financial institutions to trade efficiently in over 175 markets around the world. More than 9000 client firms use Bloomberg ETS to access industry-leading depth and breadth of liquidity across asset classes from over 800 dealers globally. Bloomberg ETS provides market participants with comprehensive solutions across the trading lifecycle, including robust price transparency, analytics, automation and execution, powered by Bloomberg\u2019s high-quality, multi-asset class data and tools.<\/p>\n

About Bloomberg<\/strong>
\nBloomberg 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.<\/p>\n

For more information, visit Bloomberg.com\/company<\/a> or request a demo<\/a>.<\/p>\n\n<\/div>\n\n\n<\/div>\n\n\n\t\t\n\t<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

Low-latency hardware and software optimizations implemented in Singapore have optimized pricing by major international and regional liquidity providers, improving best execution and reducing transaction costs for regional FX market participants. <\/p>\n","protected":false},"featured_media":31110,"template":"","format":"standard","categories":[1469,86,84,88],"press_tag":[79],"class_list":["post-31108","press","type-press","status-publish","format-standard","has-post-thumbnail","hentry","category-announcements","category-bloomberg-professional-services","category-data","category-technology","press_tag-press-announcements"],"yoast_head":"\nBloomberg Launches Regional Hosting Solution for Asia FX Customers | Press | Bloomberg LP<\/title>\n<meta name=\"description\" content=\"Low-latency hardware and software optimizations implemented in Singapore have optimized pricing by major international and regional liquidity providers, improving best execution and reducing transaction costs for regional FX market participants.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-launches-regional-hosting-solution-for-asia-fx-customers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bloomberg Launches Regional Hosting Solution for Asia FX Customers | Press | Bloomberg LP\" \/>\n<meta property=\"og:description\" content=\"Low-latency hardware and software optimizations implemented in Singapore have optimized pricing by major international and regional liquidity providers, improving best execution and reducing transaction costs for regional FX market participants.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-launches-regional-hosting-solution-for-asia-fx-customers\/\" \/>\n<meta property=\"og:site_name\" content=\"Bloomberg L.P.\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/bloomberglp\/\" \/>\n<meta property=\"og:image\" content=\"https:\/\/assets.bbhub.io\/company\/sites\/51\/2023\/04\/ETS-v2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"617\" \/>\n\t<meta property=\"og:image:height\" content=\"403\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/assets.bbhub.io\/company\/sites\/51\/2023\/04\/ETS-v2.jpg\" \/>\n<meta name=\"twitter:site\" content=\"@bloomberg\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-launches-regional-hosting-solution-for-asia-fx-customers\/\",\"url\":\"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-launches-regional-hosting-solution-for-asia-fx-customers\/\",\"name\":\"Bloomberg Launches Regional Hosting Solution for Asia FX Customers | Press | Bloomberg LP\",\"isPartOf\":{\"@id\":\"https:\/\/www.bloomberg.com\/company\/#website\"},\"datePublished\":\"2023-04-20T01:35:17+00:00\",\"dateModified\":\"2023-04-20T01:35:17+00:00\",\"description\":\"Low-latency hardware and software optimizations implemented in Singapore have optimized pricing by major international and regional liquidity providers, improving best execution and reducing transaction costs for regional FX market participants.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-launches-regional-hosting-solution-for-asia-fx-customers\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-launches-regional-hosting-solution-for-asia-fx-customers\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-launches-regional-hosting-solution-for-asia-fx-customers\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":\"1\",\"name\":\"Home\",\"item\":\"https:\/\/www.bloomberg.com\/company\/\"},{\"@type\":\"ListItem\",\"position\":\"2\",\"name\":\"Bloomberg Launches Regional Hosting Solution for Asia FX Customers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.bloomberg.com\/company\/#website\",\"url\":\"https:\/\/www.bloomberg.com\/company\/\",\"name\":\"Bloomberg L.P.\",\"description\":\"Bloomberg L.P. is the leader in global business and financial information, enabling customers to make smarter, faster, more informed business decisions.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.bloomberg.com\/company\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bloomberg Launches Regional Hosting Solution for Asia FX Customers | Press | Bloomberg LP","description":"Low-latency hardware and software optimizations implemented in Singapore have optimized pricing by major international and regional liquidity providers, improving best execution and reducing transaction costs for regional FX market participants.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-launches-regional-hosting-solution-for-asia-fx-customers\/","og_locale":"en_US","og_type":"article","og_title":"Bloomberg Launches Regional Hosting Solution for Asia FX Customers | Press | Bloomberg LP","og_description":"Low-latency hardware and software optimizations implemented in Singapore have optimized pricing by major international and regional liquidity providers, improving best execution and reducing transaction costs for regional FX market participants.","og_url":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-launches-regional-hosting-solution-for-asia-fx-customers\/","og_site_name":"Bloomberg L.P.","article_publisher":"https:\/\/www.facebook.com\/bloomberglp\/","og_image":[{"width":617,"height":403,"url":"https:\/\/assets.bbhub.io\/company\/sites\/51\/2023\/04\/ETS-v2.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_image":"https:\/\/assets.bbhub.io\/company\/sites\/51\/2023\/04\/ETS-v2.jpg","twitter_site":"@bloomberg","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-launches-regional-hosting-solution-for-asia-fx-customers\/","url":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-launches-regional-hosting-solution-for-asia-fx-customers\/","name":"Bloomberg Launches Regional Hosting Solution for Asia FX Customers | Press | Bloomberg LP","isPartOf":{"@id":"https:\/\/www.bloomberg.com\/company\/#website"},"datePublished":"2023-04-20T01:35:17+00:00","dateModified":"2023-04-20T01:35:17+00:00","description":"Low-latency hardware and software optimizations implemented in Singapore have optimized pricing by major international and regional liquidity providers, improving best execution and reducing transaction costs for regional FX market participants.","breadcrumb":{"@id":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-launches-regional-hosting-solution-for-asia-fx-customers\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bloomberg.com\/company\/press\/bloomberg-launches-regional-hosting-solution-for-asia-fx-customers\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-launches-regional-hosting-solution-for-asia-fx-customers\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":"1","name":"Home","item":"https:\/\/www.bloomberg.com\/company\/"},{"@type":"ListItem","position":"2","name":"Bloomberg Launches Regional Hosting Solution for Asia FX Customers"}]},{"@type":"WebSite","@id":"https:\/\/www.bloomberg.com\/company\/#website","url":"https:\/\/www.bloomberg.com\/company\/","name":"Bloomberg L.P.","description":"Bloomberg L.P. is the leader in global business and financial information, enabling customers to make smarter, faster, more informed business decisions.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bloomberg.com\/company\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"}]}},"featured_image_rendered":"<img srcset='https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&type=webp&url=https:\/\/assets.bbhub.io\/company\/sites\/51\/2023\/04\/ETS-v2.jpg 280w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&type=webp&url=https:\/\/assets.bbhub.io\/company\/sites\/51\/2023\/04\/ETS-v2.jpg 300w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&type=webp&url=https:\/\/assets.bbhub.io\/company\/sites\/51\/2023\/04\/ETS-v2.jpg 617w' src='https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&type=webp&url=https:\/\/assets.bbhub.io\/company\/sites\/51\/2023\/04\/ETS-v2.jpg' alt='' \/>","category_info":{"name":"Announcements","blog_landing_name":"Press"},"_links":{"self":[{"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/press\/31108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/press"}],"about":[{"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/types\/press"}],"version-history":[{"count":2,"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/press\/31108\/revisions"}],"predecessor-version":[{"id":31111,"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/press\/31108\/revisions\/31111"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/media\/31110"}],"wp:attachment":[{"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/media?parent=31108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/categories?post=31108"},{"taxonomy":"press_tag","embeddable":true,"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/press_tag?post=31108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}