Bloomberg’s electronic foreign exchange trading venue, FXGO, is planning to use revenues from its upcoming brokerage fee model to invest in new features for buy-side users and market-makers.
From April next year, Bloomberg will charge a new base fee rate – before incentives and discounts – of $2.75 per million for spot FX trades, $2.90 per million for one-month non-deliverable forwards, and a maximum of $8.75 per million for longer tenors. It will set a base fee rate for FX swaps of between $0.15
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