Bloomberg Index Services Limited (BISL) has announced an agreement with CME Group to incorporate EBS Market’s Spot FX transactions into its Bloomberg FX Fixings (BFIX) benchmarks. This move aims to enhance the precision and efficiency of BFIX by including transaction data, thereby reducing risk and improving the ability of market participants to match the fixings.
The integration of EBS Market data supports BFIX’s commitment to providing reliable, representative and transparent foreign exchange benchmarks. BISL will initiate a market consultation later in 2025 to collect feedback on the proposed changes, with implementation expected in early 2026. BFIX currently covers over 1,300 spot currency pairs and 3,950 forward and non-deliverable forward (NDF) fixings, and is aligned with UK BMR compliance and IOSCO principles, supporting various financial applications including portfolio benchmarking and derivatives valuation.
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