Bloomberg has launched FX Dashboard, a new pre-trade function that for the first time gives foreign exchange traders access to a broad range of analytics, data and news seamlessly integrated with trading capabilities.
Now, market participants who are enabled for commission-free FX trading on the BLOOMBERG PROFESSIONAL service can click on the FX Dashboard to initiate a trade on a given currency pair or forward tenor. The new function is accessible on the BLOOMBERG PROFESSIONAL service via the function XDSH < GO >.
"FX Dashboard marks the next generation of capabilities for FX trading and analysis. This new function provides highly detailed and customized views until now unavailable in the marketplace," said Philip Brittan of Bloomberg. "FX Dashboard allows users to select, build and monitor custom views of the FX markets using real-time prices, technical indicators, price action analysis, high/low analysis, implied and realized volatility matrices, standard deviation cones and a host of other metrics."
Users can select from a large range of predefined views or build their own proprietary views from Bloomberg's robust offerings of FX market data including spot, forwards, implied volatilities, realized volatilities, risk reversals, realized skew, butterflies, realized kurtosis and GARCH volatility across a comprehensive universe of currency pairs.
In addition to being able to retrieve and monitor important fields such as change on day, moving averages, and high and lows, users can form custom measures including spreads, sums, ratios and any ad-hoc equation using potentially multiple inputs. These new measures can be imbedded into additional new measures.
"FX Dashboard gives traders unparalleled flexibility and access to the most important information they need to monitor and assess the foreign exchange markets," Brittan said. "Bloomberg users will benefit from the ability to focus on the information they deem most important in a function that allows them to build their analysis, monitor it and click and trade."