FXGO eyes platform upgrades with new price model | Foreign exchange Information
Bloomberg’s digital overseas exchange trading venue, FXGO, is planning to make use of revenues from its upcoming brokerage price model to invest in new options for buy-side customers and market-makers.
From April subsequent 12 months, Bloomberg will charge a new base price fee – earlier than incentives and reductions – of $2.75 per million for spot FX trades, $2.90 per million for one-month non-deliverable forwards, and a most of $8.75 per million for longer tenors. It can set a base price fee for FX swaps of between $0.15
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