Bloomberg has launched MYQ, a price monitoring tool designed to aggregate and display foreign exchange (FX) quotes identified by Natural Language Processing (NLP) within Instant Bloomberg (IB) chats. The solution addresses the “swivel chair” challenge by consolidating fragmented pricing data from multiple chat rooms into a single, centralised FX curve-style format. By grouping quotes by currency pairs, tenors, and bid/offer levels, the tool provides traders with a clear overview of available liquidity and market interest prior to execution.
The tool aims to reduce operational friction and the risk of missed opportunities in fast-moving markets. Key features include a history tab for chronological price tracking and a “click-to-navigate” function that allows users to jump directly to the specific chat line where a quote originated. Advanced filters further enable participants to customise their view by currency or counterparty, streamlining the pre-trade workflow and helping users secure competitive pricing more efficiently before executing trades on platforms like FXGO.
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