Bloomberg Launches Electronic Forex Market

An article on Reuters reports that Bloomberg Tradebook has launched an electronic foreign exchange platform to tap into the USD2 trillion-a-day currency market. The platform, to be known as Bloomberg Tradebook FX, creates a marketplace targeted to institutional traders with the ability to trade foreign currencies whilst preserving their anonymity from other market participants. Here is the press release.

This will compete with FXMarketSpace a collaboration between Reuters and CME.