FXGO eyes platform upgrades with new fee model
Bloomberg’s brokerage charges will fund upcoming automation and TCA projects
Bloomberg’s electronic foreign exchange trading venue, FXGO, is planning to use revenues from its upcoming brokerage fee model to invest in new features for buy-side users and market-makers.
From April next year, Bloomberg will charge a new base fee rate – before incentives and discounts – of $2.75 per million for spot FX trades, $2.90 per million for one-month non-deliverable forwards, and a maximum of $8.75 per million for longer tenors. It will set a base fee rate for FX swaps of between $0.15
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