{"id":3552,"date":"2017-07-06T03:37:30","date_gmt":"2017-07-06T07:37:30","guid":{"rendered":"https:\/\/www.bloomberg.com\/company\/press\/azerbaijan-adopts-bloomberg-auction-platform-fx\/"},"modified":"2017-07-06T03:37:30","modified_gmt":"2017-07-06T07:37:30","slug":"azerbaijan-adopts-bloomberg-auction-platform-fx","status":"publish","type":"press","link":"https:\/\/www.bloomberg.com\/company\/press\/azerbaijan-adopts-bloomberg-auction-platform-fx\/","title":{"rendered":"Azerbaijan adopts Bloomberg auction platform for FX"},"content":{"rendered":"
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The multi-asset solution streamlines FX auctions by the Central Bank of Azerbaijan<\/em><\/p>\n\n<\/div>\n\n\n<\/div>\n\n\n\t\t\n\t<\/div>\n<\/div>\n

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Baku, Azerbaijan \u2013 \u00a0The Central Bank of Azerbaijan has chosen to conduct its auctions for foreign exchange (FX) instruments and deposits through Bloomberg\u2019s auction platform, officials announced today.<\/p>\n

Designed to help central banks and finance ministries manage primary market operations, the platform has been recently extended to include FX instruments (spot and outright) and deposits, in addition to its pre-existing suite of fixed income and repo products.<\/p>\n

“Bloomberg\u2019s auction platform provided us with advanced experience in handling FX and deposit auctions with its flexible, swift and multi-purpose auction techniques, thus becoming a single platform for those monetary operations conducted by the Central Bank,” says Ali Ahmadov, Director of Market Operations Department of the Central Bank of Azerbaijan.<\/p>\n

\u201cWe are very pleased to be working with the Central Bank of Azerbaijan and offering a platform that enables a step change in the management of monetary operations,\u201d says Tod Van Name, Bloomberg\u2019s Global Head of FX Electronic Trading. \u201cThe platform provides an optimal and cost-effective way to conduct auctions for FX instruments and deposits in the local market — all within a single, comprehensive solution.\u201d<\/p>\n

Bloomberg\u2019s multi-asset auction platform helps market participants track central bank auctions and enter bids.\u00a0 It is part of an extensive suite of functionalities that allow central banks to auction off their debt, FX, repos and depositary notes to market participants. Auction data will go into Bloomberg\u2019s FX electronic trading platform, FXGO.\u00a0 Available to subscribers of Bloomberg Professional Services, the system is fully integrated with Bloomberg\u2019s data, news, analytics and communications tools.<\/p>\n\n<\/div>\n\n\n<\/div>\n\n\n\t\t\n\t<\/div>\n<\/div>\n

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