Bloomberg Index Services Limited (Bils) today announced an agreement with the CME Group to include EBS Market FX transactions on Bloomberg FX (BFIX) offer.
“Commercial data from a leading primary market area, such as Ebs Market, will fill in our reference point and enhance banks’ ability to take on larger orders developed by Buyside in BFIX,” said Colin Gallagher, BFIX Benchmark & Surnits Product Manager Bloomberg Index. Limited. “We are very happy to extend our distribution with the CME team to record a broader market liquidity that boosts the reference point.”
The use of FX transaction data improves the ability of market participants to match BFIX, providing greater performance profits and reducing overall risk. Adding EBS market data enhances the BFIX target to provide FX fastening that are reliable, representative and transparent to global currency markets.
“As an adjustable, anonymous matching platform and the primary market area, the EBS Market Central Limit Disment book plays a critical role in FX markets, providing stable liquidity and no state -of -the -art pricing,” said Paul Houston, Head of FX, CME Group. “Incorporating EBS market data into BFIX ensures that customers have the most powerful and transparent indication of total purchase prices at any given time.”
BFIX is granted and calculated by Bloomberg Index Services Limited (Bloomberg markers). Bloomberg indicators will carry out a market consultation to gather feedback on its plans to integrate EBS market data into BFIX methodology later this year, with the application expected in early 2026 depending on the outcome of the consultation.
The BFIX family of reference points covers the percentages of points, forward and non -produced (NDF) for a comprehensive global currency and metal coverage. BFIX produces over 1,300 coins and 3,950 front and NDF. Reference points, which are compatible with the United Kingdom BMR and are designed in alignment with the principles of the International Organization of Capital Market (iOSCO) for economic reference points, are used by market participants who must use foreign exchange rates for comparative portfolio and portfolio evaluation.