In an information note published on Wednesday, the Central Bank (BDL) appealed to market makers who wish to operate on its new Bloomberg-managed foreign exchange platform to contact the company directly.
In this context, BDL has invited banks that wish to take part in the new platform’s activity and that have not yet integrated the Bloomberg FX Interbank Matching system to contact the company’s regional representatives to register and benefit from training sessions.
As a reminder, market makers are financial entities such as investment banks, brokerage firms or financial institutions that take, buy or sell positions on assets, including currencies, helping to make the market more fluid and organized.
BDL emphasized that market makers will operate on BDL’s new Bloomberg platform in accordance with the provisions of its circulars. These will cover the mechanisms and conditions for operating on the platform, the Central Bank’s information memo states.
BDL and the government had agreed to adopt the Bloomberg platform for foreign exchange transactions in accordance with Council of Ministers decision number 13, set out in minute 50 of September 7, 2023, as well as BDL Central Council decision number 406 dated October 23, 2023.
