Bloomberg BFIX to Integrate EBS Spot FX Transactions for Enhanced Benchmarking

Bloomberg Index Services Limited (BISL) has partnered with CME Group to incorporate EBS Market's Spot FX transactions into its Bloomberg FX Fixings (BFIX) platform. This collaboration aims to bolster benchmark reliability by leveraging primary market data from EBS, a regulated all-to-all matching venue known for firm liquidity and transparent pricing.

The integration addresses growing institutional demand for efficient FX execution. "EBS Market data strengthens banks' capacity to handle large buy-side orders on BFIX," said Colin Gallagher of Bloomberg Index Services. The MOVE aligns with broader industry trends toward transparent, data-driven benchmarks in global currency markets.

CME Group's Paul Houston emphasized the strategic value: "As a primary venue with no last-look pricing, EBS Market delivers the robust price discovery BFIX requires." The enhancement comes as institutional crypto traders increasingly demand FX hedging solutions that mirror traditional market infrastructure.