Bloomberg announcedthat a growing number of India's public sector corporations are adopting Bloomberg's Foreign Exchange electronic trading platform (FXGO) for foreign exchange dealing. The corporations include GAIL, REC and ONGC Videsh Ltd - whose corporate treasury desks are using Bloomberg FXGO to analyse trade ideas, request quotes, execute, and perform post trade analysis, all on a single electronic platform.
Sunny Chhabria, Head - Sales, Bloomberg South Asia stated, “It is encouraging to see a growing number of PSEs adopting electronic platforms and setting a new benchmark for corporate treasury in India. GAIL, REC and OVL represent leading PSEs in India that are adopting best-in-class technology and global best practices in corporate treasury, and we look forward to partnering with more Indian corporations to support their business transformation.”
Bloomberg's FX solutions provide real-time pricing information integrated with news, data and analytics for traders to monitor the markets, analyze trends and generate trade ideas. A commission-free trading platform for both corporates and banks, Bloomberg FXGO provides access to liquidity from over 300 providers worldwide for financial institutions, corporations, money managers and hedge funds across all major FX instruments including spot, forwards, options, NDFs and deposits.
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