FX TRADERS OFFERED TAILOR-MADE NEWS WITH BLOOMBERG.

A new tailor-made news, information and analysis service, tracking the events that move global currency markets, has been launched for FX traders by Bloomberg.

First Word FX provides 24 hour coverage of economic, geopolitical and currency-specific news in an accessible, readable format, says Bloomberg. Traders have the option of adjusting the service to receive local or global content and real-time or delayed news.

“Macroeconomic updates and currency moves are increasingly impacting the global marketplace, requiring market participants to quickly interpret and react to these events,” says Tod Van Name, global head of FX and commodities at Bloomberg. “First Word FX brings unique news and insights to our customers, helping them to identify the drivers of individual currencies, while simultaneously monitoring the broader trends that impact the global markets.”

The FX market averages $5.3 trillion in turnover daily, according to the Bank for International Settlements, up more than a third in the past two years.

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