Bloomberg's BFix judged Iosco-compliant

The benchmarks cover spot, forwards and NDFs for about 50 currency pairs

Robert Friend: this is "an important milestone" for Bloomberg

An independent assessment has deemed Bloomberg's BFix benchmarks compliant with the principles for financial benchmarks laid out by the International Organisation of Securities Commissions (Iosco).

Administered and calculated by Bloomberg, the BFix family covers spot, forwards and non-deliverable forwards rates for about 50 currency pairs. Market participants use it as a fix for derivatives valuations and trade execution, and to benchmark their portfolios.

The assessment was carried out by Ernst

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