{"id":9473,"date":"2020-06-22T03:26:40","date_gmt":"2020-06-22T07:26:40","guid":{"rendered":"https:\/\/www.bloomberg.com\/company\/press\/angola-adopts-bloomberg-fxgo-and-auction-system-for-fx\/"},"modified":"2020-06-22T03:26:40","modified_gmt":"2020-06-22T07:26:40","slug":"angola-adopts-bloomberg-fxgo-and-auction-system-for-fx","status":"publish","type":"press","link":"https:\/\/www.bloomberg.com\/company\/press\/angola-adopts-bloomberg-fxgo-and-auction-system-for-fx\/","title":{"rendered":"Angola Adopts Bloomberg FXGO and Auction System for FX"},"content":{"rendered":"
\n \n\t\n\t\n\t
\n\t\t\n\t\t\t
\n\t
\n \n

Central Bank institutes increased transparency for FX trading<\/em><\/strong><\/p>\n

The Banco Nacional de Angola (BNA) has adopted Bloomberg\u2019s foreign exchange electronic trading system (FXGO) and its electronic auction system to bring greater efficiency and transparency to Angola\u2019s FX market.<\/p>\n

The solutions provide the BNA with real-time visibility of market activity, improving its oversight of Angola\u2019s FX market, and enable the central bank to manage its market operations more efficiently. In accordance with the BNA\u2019s instruction to the market, commercial banks and corporates in Angola have started to trade FX spot electronically over FXGO. The trading platform allows corporates to gather prices from multiple banks, and assists in getting the most competitive rate.<\/p>\n

Bloomberg\u2019s auction system provides a safe and secure environment for the BNA to perform currency auctions electronically, and for market participants to track and enter bids. Since the BNA adopted it in June, approximately $USD 50 million have been auctioned twice a week over the system.<\/p>\n

\u201cThe implementation of Bloomberg\u2019s FX trading and auction system represents a very important milestone in the development of the foreign exchange market in Angola. As part of a series of strategic actions taken with the support of the IMF, this new technology will bring operations on the Angolan market closer to that of other reference markets, and result in significant improvements in efficiency and transparency,\u201d said T\u00e2nia Lopes, Director of Asset Market Department of the Banco Nacional de Angola.<\/p>\n

Tod Van Name, Bloomberg\u2019s Global Head of FX Electronic Trading, said, \u201cWe are pleased to help the Banco National de Angola implement a step change in the management of its monetary operations and improve the functioning of Angola\u2019s FX market. The combination of Bloomberg\u2019s FXGO and auction system provides local market participants with FX technology used by central banks, government financial agencies and leading financial institutions across the world.\u201d<\/p>\n

Bloomberg\u2019s FX GO and Auction System are fully integrated with the data, news, analytics and communications tools available on the Bloomberg Terminal. More than 40 countries globally use Bloomberg\u2019s auction system to automate the tender process electronically. The system provides a safe and secure environment to issue debt and perform open market operations inclusive of FX interventions and repo auctions from a single platform.<\/p>\n

About the BNA<\/strong>
\nThe Banco Nacional de Angola (BNA) is a legal person under public law with autonomy regarding its administration, finances and assets and carries out its activities in accordance with the Law of Banco Nacional de Angola – Law No. 16\/10, of 15 of July. BNA has its headquarters in Luanda, and may have Regional Delegations in other locations of the country, as well as any form of representation overseas. The Banco Nacional de Angola, as Angola’s central bank and issuing authority, ensures the preservation of the national currency’s value and plays a part in defining the exchange rate, financial and monetary policies. The BNA is also responsible for the execution, monitoring and control of monetary, exchange and credit policies, payment system management and circulating medium administration in the context of country’s economic policy, ensuring the stability of the Angolan Financial System.<\/p>\n

About Bloomberg<\/strong>
\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 Terminal. Bloomberg\u2019s enterprise solutions build on the company\u2019s 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 www.bloomberg.com<\/a> or request a demo<\/a>.<\/p>\n

Media contacts<\/strong><\/p>\n

BNA
\nAm\u00e9lia Borja Neto- acborja@bna.ao<\/a>
\nNuno Alves\u00ad- nalves@bna.ao<\/a>
\nR\u00fabio Praia- rpraia@bna.ao<\/a><\/p>\n

Bloomberg
\nAnna Schoeffler- aschoeffler1@bloomberg.net, +44-20-3525-0776
\nPam Snook- pamsnook@bloomberg.net, +1-212-617-7653<\/p>\n\n<\/div>\n\n\n<\/div>\n\n\n\t\t\n\t<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

The Banco Nacional de Angola (BNA) has adopted Bloomberg\u2019s foreign exchange electronic trading system (FXGO) and its electronic auction system to bring greater efficiency and transparency to Angola\u2019s FX market. <\/p>\n","protected":false},"featured_media":6992,"template":"","format":"standard","categories":[86],"press_tag":[332,1350,1349,304,1351,312,205,852,643,79],"class_list":["post-9473","press","type-press","status-publish","format-standard","has-post-thumbnail","hentry","category-bloomberg-professional-services","press_tag-africa","press_tag-angola","press_tag-auction","press_tag-bloomberg-auction-system","press_tag-central-bank","press_tag-electronic-trading","press_tag-foreign-exchange","press_tag-foreign-exchange-trading","press_tag-fxgo","press_tag-press-announcements"],"yoast_head":"\nAngola Adopts Bloomberg FXGO and Auction System for FX | Press | Bloomberg LP<\/title>\n<meta name=\"description\" content=\"The Banco Nacional de Angola (BNA) has adopted Bloomberg\u2019s foreign exchange electronic trading system (FXGO) and its electronic auction system to bring greater efficiency and transparency to Angola\u2019s FX market.\" \/>\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\/angola-adopts-bloomberg-fxgo-and-auction-system-for-fx\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Angola Adopts Bloomberg FXGO and Auction System for FX | Press | Bloomberg LP\" \/>\n<meta property=\"og:description\" content=\"The Banco Nacional de Angola (BNA) has adopted Bloomberg\u2019s foreign exchange electronic trading system (FXGO) and its electronic auction system to bring greater efficiency and transparency to Angola\u2019s FX market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bloomberg.com\/company\/press\/angola-adopts-bloomberg-fxgo-and-auction-system-for-fx\/\" \/>\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\/2019\/09\/Terminal_Image_WEB.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2200\" \/>\n\t<meta property=\"og:image:height\" content=\"1017\" \/>\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\/2019\/09\/Terminal_Image_WEB.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\/angola-adopts-bloomberg-fxgo-and-auction-system-for-fx\/\",\"url\":\"https:\/\/www.bloomberg.com\/company\/press\/angola-adopts-bloomberg-fxgo-and-auction-system-for-fx\/\",\"name\":\"Angola Adopts Bloomberg FXGO and Auction System for FX | Press | Bloomberg LP\",\"isPartOf\":{\"@id\":\"https:\/\/www.bloomberg.com\/company\/#website\"},\"datePublished\":\"2020-06-22T07:26:40+00:00\",\"dateModified\":\"2020-06-22T07:26:40+00:00\",\"description\":\"The Banco Nacional de Angola (BNA) has adopted Bloomberg\u2019s foreign exchange electronic trading system (FXGO) and its electronic auction system to bring greater efficiency and transparency to Angola\u2019s FX market.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.bloomberg.com\/company\/press\/angola-adopts-bloomberg-fxgo-and-auction-system-for-fx\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.bloomberg.com\/company\/press\/angola-adopts-bloomberg-fxgo-and-auction-system-for-fx\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.bloomberg.com\/company\/press\/angola-adopts-bloomberg-fxgo-and-auction-system-for-fx\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":\"1\",\"name\":\"Home\",\"item\":\"https:\/\/www.bloomberg.com\/company\/\"},{\"@type\":\"ListItem\",\"position\":\"2\",\"name\":\"Angola Adopts Bloomberg FXGO and Auction System for FX\"}]},{\"@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":"Angola Adopts Bloomberg FXGO and Auction System for FX | Press | Bloomberg LP","description":"The Banco Nacional de Angola (BNA) has adopted Bloomberg\u2019s foreign exchange electronic trading system (FXGO) and its electronic auction system to bring greater efficiency and transparency to Angola\u2019s FX market.","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\/angola-adopts-bloomberg-fxgo-and-auction-system-for-fx\/","og_locale":"en_US","og_type":"article","og_title":"Angola Adopts Bloomberg FXGO and Auction System for FX | Press | Bloomberg LP","og_description":"The Banco Nacional de Angola (BNA) has adopted Bloomberg\u2019s foreign exchange electronic trading system (FXGO) and its electronic auction system to bring greater efficiency and transparency to Angola\u2019s FX market.","og_url":"https:\/\/www.bloomberg.com\/company\/press\/angola-adopts-bloomberg-fxgo-and-auction-system-for-fx\/","og_site_name":"Bloomberg L.P.","article_publisher":"https:\/\/www.facebook.com\/bloomberglp\/","og_image":[{"width":2200,"height":1017,"url":"https:\/\/assets.bbhub.io\/company\/sites\/51\/2019\/09\/Terminal_Image_WEB.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_image":"https:\/\/assets.bbhub.io\/company\/sites\/51\/2019\/09\/Terminal_Image_WEB.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\/angola-adopts-bloomberg-fxgo-and-auction-system-for-fx\/","url":"https:\/\/www.bloomberg.com\/company\/press\/angola-adopts-bloomberg-fxgo-and-auction-system-for-fx\/","name":"Angola Adopts Bloomberg FXGO and Auction System for FX | Press | Bloomberg LP","isPartOf":{"@id":"https:\/\/www.bloomberg.com\/company\/#website"},"datePublished":"2020-06-22T07:26:40+00:00","dateModified":"2020-06-22T07:26:40+00:00","description":"The Banco Nacional de Angola (BNA) has adopted Bloomberg\u2019s foreign exchange electronic trading system (FXGO) and its electronic auction system to bring greater efficiency and transparency to Angola\u2019s FX market.","breadcrumb":{"@id":"https:\/\/www.bloomberg.com\/company\/press\/angola-adopts-bloomberg-fxgo-and-auction-system-for-fx\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bloomberg.com\/company\/press\/angola-adopts-bloomberg-fxgo-and-auction-system-for-fx\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.bloomberg.com\/company\/press\/angola-adopts-bloomberg-fxgo-and-auction-system-for-fx\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":"1","name":"Home","item":"https:\/\/www.bloomberg.com\/company\/"},{"@type":"ListItem","position":"2","name":"Angola Adopts Bloomberg FXGO and Auction System for FX"}]},{"@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\/2019\/09\/Terminal_Image_WEB.jpg 280w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&type=webp&url=https:\/\/assets.bbhub.io\/company\/sites\/51\/2019\/09\/Terminal_Image_WEB.jpg 300w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&type=webp&url=https:\/\/assets.bbhub.io\/company\/sites\/51\/2019\/09\/Terminal_Image_WEB.jpg 768w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&type=webp&url=https:\/\/assets.bbhub.io\/company\/sites\/51\/2019\/09\/Terminal_Image_WEB.jpg 1024w' src='https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&type=webp&url=https:\/\/assets.bbhub.io\/company\/sites\/51\/2019\/09\/Terminal_Image_WEB.jpg' alt='' \/>","category_info":{"name":"Bloomberg Professional Services","blog_landing_name":"Press"},"_links":{"self":[{"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/press\/9473","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":3,"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/press\/9473\/revisions"}],"predecessor-version":[{"id":9476,"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/press\/9473\/revisions\/9476"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/media\/6992"}],"wp:attachment":[{"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/media?parent=9473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/categories?post=9473"},{"taxonomy":"press_tag","embeddable":true,"href":"https:\/\/www.bloomberg.com\/company\/wp-json\/wp\/v2\/press_tag?post=9473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}