Bloomberg launches NLP tool for FX chat pricing
New product scans instant messages to aggregate bilateral FX quotes into a single workflow
Bloomberg has launched a foreign exchange price discovery tool that uses natural language processing (NLP) to scan traders’ chatrooms and consolidate bilateral quotes into a single screen.
The product, called MYQ, monitors price quotes across a user’s Instant Bloomberg (IB) chat sessions and groups them by currency pair, tenor and instrument in a curve-style display. It is available to all IB users, including banks sourcing prices from interdealer brokers (IDBs) and buy-side firms sending
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