Tradebook FX (TBFX), Bloomberg’s FX ECN, has reached an agreement with Citi for the bank to serve as a central clearing counterparty (CCP) on the platform.
“We feel that the combination of Citi’s expertise in FX, and FXPB in particular, and market leading role in foreign exchange globally, coupled with the wide network of Bloomberg clients will be very synergistic,” says Tom Murphy, head of FX, futures and equity options sales at Bloomberg Tradebook. Citi will be the second CCP on TBFX
Bloomberg Tradebook raised over $1 million at its fifth annual Charity Day on Thursday.
The Charity Day originated in 2012, with the New York office of Bloomberg Tradebook donating the net commissions from its equities business on that day to five different charities.
It has now evolved to include London, Hong Kong and – in partnership with BM&F Bovespa – Sao Paulo and will see the net commissions across all of the asset classes that Bloomberg Tradebook services donated to 20 different charities.