Bloomberg Indexes Unveils New Canadian FX Benchmark

[kreslik.news]

Bloomberg, operator of some of the world’s largest trading platforms, today unveiled a new FX benchmark service called Bloomberg’s Canada BFIX. The new foreign exchange benchmark provides investors a new way to assess, hedge, trade or invest in the value of the Canadian dollar.

Bloomberg’s Canada BFIX is the latest offering from the index provider that operates in the global fixed-income, currency and commodity markets.

The new index covers spot, forward and non-deliverable forward (NDF) rates. It is calculated based on a Time Weighted Average Price (TWAP) methodology using foreign exchange rates generated independently from multiple FX pricing providers.

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