Bloomberg goes live with FX options

It began beta testing in the fourth quarter of last year (FX Week, October 10) and went live with clients "in the last few weeks", said Scott Freeman, head of e-trading services at BoA in New York.

The bank is currently trading with "several clients", and has seen most of the demand coming from banks and hedge funds, said Freeman. "Several clients are trading with us today, and many more clients are in the queue," he added. "It is part of our overall distribution strategy, where we want to p