What is Bloomberg FX Go?
FXGO is a commission-free electronic trading platform for execution of spot, outright, swap, NDF, deposit, order and option transactions and is included with a Bloomberg Terminal subscription. Build your own community of trading partners with IB Dealing, Bloomberg’s chat-based trading system.
Is Bloomberg good for forex?
Foreign Exchange With the FX market being a 24-hour marketplace, Bloomberg is the ideal tool for FX participants. Additionally, with Bloomberg’s ability to capture real-time news and economic updates, its FX capabilities are a very powerful tool for those trading in the foreign exchange market.
Can you trade on the Bloomberg Terminal?
FIT, Bloomberg’s trading platform, links all available fixed income electronic trading products into one portal and provides multi-dealer, executable composite pricing, so you can stage, monitor, trade and allocate trades through a single function on the Bloomberg Terminal.
How much does Bloomberg Terminal cost?
Bloomberg Pricing The cost of a Bloomberg Terminal is $24,000 per year, and terminals are leased on a two-year basis. The price drops to $20,000 per terminal per year for 2 or more terminals.
How do you price an FX option?
How is the cost of an FX option determined?
- FX option premium = intrinsic value + time value.
- Intrinsic value: The intrinsic value of the option is the difference between the amounts converted using the strike rate and the forward rate.
How do you price vanilla options?
A call option that expires in one month has a strike price or $31. The cost of this option, called the premium, is $0.35. Each option contract controls 100 shares, so buying one option costs $0.35 x 100 shares, or $35. If the price of XYZ stock moves above $31, that option is in the money.
Can you use fxgo on a Bloomberg Terminal?
FXGO is a commission-free electronic trading platform for execution of spot, outright, swap, NDF, deposit, order and option transactions and is included with a Bloomberg Terminal subscription.
Why is it important to use Bloomberg for FX trading?
It enables you to trade world currencies from a rich pool of liquidity and offers comprehensive post-trade reporting for the buy-side and the sell-side. Build your own community of trading partners with IB Dealing, Bloomberg’s chat-based trading system.
What can you do with fxgo trading app?
With FXGO you can request prices from preferred bank providers, execute trades and seamlessly integrate details into order management, risk management and back office systems.
Which is the best platform for FX trading?
FXGO from Bloomberg is the premier multi-bank FX trading platform that provides powerful functionality for price takers to execute foreign exchange transactions with their bank relationships.