Bloomberg enters FX options market
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The US heavyweight has begun beta testing its executable FX options capabilities with an unnamed bank and a couple of clients, a senior official told FX Week.
The beta test started at the end of September, with a full launch aimed for the end of this month, said Phillip Brittan, New York-based global head of the FX business at Bloomberg Financial Terminal.
However, market participants questioned the level of demand the platform would attract. One FX options head at a major US bank said larger
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