Tuesday, November 18, 2008 1:18:38 PM
That was an interesting statement, imo
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"The BLOOMBERG TRADEBOOK FX service gives traders the ability to place limit orders, drive quotes and execute block size to seek superior execution," said Kim Bang, President of Bloomberg Tradebook. "We are delighted to be working with Bank of America and look forward to them assuming the global execution and settlement counterparty role."
"Working closely with our clients, we continually enhance BLOOMBERG TRADEBOOK FX functionality and ease of use. By integrating with third-party execution management and order management systems, we accommodate the risk and workflow needs of our users. Our new post-trade allocation application enables clients to allocate trades on either percentage or notional breakdown based on a net average price, which is then seamlessly communicated across multiple accounts or Prime Brokers. We look forward to adding even greater value to FX market participants," Bang added.
God grant me the serenity to deal with the things I cannot change; courage to change the things I can and should; and wisdom to know the difference.
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