New fee plans for FXGO rile dealers
Bloomberg plans to charge spot FX market-makers from next year
Bloomberg is set to introduce a brokerage fee for all instruments traded on its foreign exchange platform, FXGO, a move that has riled dealers already frustrated with high trading costs.
One of the platform’s selling points was that it could be used free of charge by subscribers to Bloomberg’s ubiquitous terminals. According to four sources familiar with the plans, fees will be introduced next year for market-makers on the platform.
Firms that trade FX derivatives via Bloomberg are already charged
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