Bloomberg has launched Instant Bloomberg (IB) Dealing, a chat-based platform for FX traders. IB Dealing is already being used by more than 100 global banks across 46 countries for trade negotiation, execution and straight-through processing (STP), says the company.      

Tod Van Name (Global Head of FX, Economics and Commodities, Bloomberg): IB Dealing – which has been developed in collaboration with FX traders – provides the global FX community with the capabilities they need to negotiate transactions, electronically execute and report trades using one, integrated platform.

IB Dealing, used to negotiate and confirm spot, outright, non-deliverable forwards (NDFs), deposits and option transactions, is integrated with Bloomberg’s instant message capabilities and multi-bank trading platform, FXGO.   

All subscribers to the Bloomberg Professional service can access IB Dealing by typing IBD<GO>.