{"id":3717,"date":"2016-05-11T03:43:44","date_gmt":"2016-05-11T07:43:44","guid":{"rendered":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-confirms-its-fx-benchmarks-comply-with-iosco-principles\/"},"modified":"2024-10-22T16:02:07","modified_gmt":"2024-10-22T20:02:07","slug":"bloomberg-confirms-its-fx-benchmarks-comply-with-iosco-principles","status":"publish","type":"press","link":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-confirms-its-fx-benchmarks-comply-with-iosco-principles\/","title":{"rendered":"Bloomberg Confirms its FX Benchmarks Comply with IOSCO Principles"},"content":{"rendered":"
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London \u2013 Bloomberg announced today the successful completion of an independent assessment confirming the alignment of the BFIX family of benchmarks with the International Organization of Securities Commissions\u2019 principles for financial benchmarks. The assessment was conducted by Ernst & Young LLP (EY).<\/p>\n

\u201cThe confirmation that BFIX is aligned with the IOSCO Principles is an important milestone, it is a recognition that our benchmarks reflect industry best practices and are primed to meet the needs of market participants as global regulatory reforms unfold. As central banks such as the ECB are pulling their reference rates from use as transactional benchmarks, we are ensuring we continue to provide market participants with dependable FX benchmarks\u201d, said Robert Friend, Global Head of Bloomberg\u2019s FICC and Foundational Applications.<\/p>\n

The BFIX family of benchmarks covers spot, forward and non-deliverable forward rates for a comprehensive global coverage of currencies. The benchmark is used by market participants as a fix for portfolio benchmarking, derivatives valuation, index construction, and trade execution. Users rely on BFIX\u2019s robust Time Weighted Average Price (TWAP) methodology for enhanced price transparency. By capturing streaming bid\/ask data from a deep and broad pool of FX pricing providers, Bloomberg can produce a more accurate representation of the market at each fix.<\/p>\n

The BFIX family of benchmarks is administered and calculated by Bloomberg. It is available without additional charge on the Bloomberg Terminal via the BFIX function. A subset of this data is available to the public on a delayed basis via: www.bloomberg.com\/markets\/currencies\/fx-fixings<\/a>. To obtain a copy of the Bloomberg BFIX Management Statement of Alignment with the IOSCO Principles, please visit www.bloomberg.com\/markets\/currencies\/fx-fixings<\/a>.<\/p>\n\n<\/div>\n\n\n<\/div>\n\n\n\t\t\n\t<\/div>\n<\/div>\n

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About Bloomberg
\nBloomberg, 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\u2019s strength \u2013 delivering data, news and analytics through innovative technology, quickly and accurately \u2013 is at the core of the Bloomberg Professional service, which provides real time financial information to more than 327,000 subscribers globally. For more information, visit www.bloomberg.com\/company<\/a> or request a demo<\/a>.<\/p>\n

Media contacts<\/p>\n

U.S., Alyssa Gilmore, agilmore@bloomberg.net, +1-212-617-4901
\nEMEA, Anna Schoeffler, aschoeffler1@bloomberg.net, +44-20-3525-0776
\nAsia, Belina Tan, belina.tan@bloomberg.net, +65-6231-3637
\nLatin America, Pam Snook,pamsnook@bloomberg.net, +1-212-617-7652<\/p>\n\n<\/div>\n\n\n<\/div>\n\n\n\t\t\n\t<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

London – Bloomberg announced today the successful completion of an independent assessment confirming the alignment of the BFIX family of benchmarks with the International Organization of Securities Commissions\u2019 principles for financial benchmarks. 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