Bloomberg Functions

• FXQT - Access the Bloomberg Beta environment.
• FXPV - Maker function to configure deal-code(s) and clients for ESP and RFS.
• FXAT - Audit Trail.
• FXPF -  In order to test RFQ BRL split settlement., untick "Non-deliverable Strict Mode" if you wish to support and test On/Off-shore trading. Under the general tab select "Flexible Spot Out to SPOT" and "Allow Split Settlement". NOTE: This is a specialized and custom setup, with only a handful of regional Brazilian banks supporting it for LATAM clients trading USD/BRL onshore.
• FXTB - FX Trade Blotter
• FXTG - FX trading Grid (ESP)
• BGPI/ENFB - Bloomberg Global Person Identifier administration screens. The Maker manages the necessary MiFID EDM/IDM "Natural Person" values here. NOTE: Algo IDs are maintained by Bloomberg.
• APOD - User/Terminal Administration.
• FXBM - FX Batch Manager. Taker function for Batch/Block trading.
• FXEM - FX Execution Manager. Taker function, also used for Batch trading.
• FX - FX Information Portal.

• CDR – provides a detailed set of Holiday calendars by currency.

• UUF - Change login password.

• EC - Enterprise Console, used to maintan TLS Certs for FIX sessions. Typically, MarketFactory will use use this on behalf of our Clients. If this should not work, use https://console.bloomberg.com/#/firm/ODkyODQ3/creg-tls-ui/fix-tls-mgr
• HELP <XXX> - opens Bloomberg Help page for a given function, e.g. HELP FXGO

Web Admin

https://service.bloomberg.com/portal/welcome - Used to administer contracts renewals etc.

Functionality

RFS

• Spot transactions are conducted in XOFF environment only
• BMTF, BTFE and BSEF environments must be specifically enabled by Bloomberg
• BMTF and BTFE environments are used for MTF and EMIR regulatory trades
• NDF and NDS may be traded in BSEF environment only
• Algo ID must be provided by Bloomberg; Short Code ID(s) may be created by Bloomberg users via BGPI function 
• Components marked in Spec, which tied to specific environments must be used only for those environments.  For example, components required for SEF must be used in BSEF only.
• Commodities - regulatory fields N/A
• CASH - presently not supported; Depo-related fields N/A
• Split Settlement requires special setup from Bloomberg; Tag 22432 - SettlQualifier - is used only for Split Settlement transactions
• A client may either cancel a previously submitted quote, or mark a quote as indicative. In either case, the result will be that Bloomberg remove the previous quote from the GUI.
• "Reg Reporting" and "Pre WVR Post DEF" fields are available only when BMTF or BTFE environments chosen
• Improperly built messages will result in either error reports from Bloomberg or won't be processed
• Some fields are required for 2-legged transactions only
• Bloomberg ID Source is the same for both Regulatory Trade IDs and Allocation Regulatory Trade IDs
• BRL is deliverable onshore.

BRL Split Settlement

Split settlement allows the client to specify different settlement dates/tenors for each currency in the trade.

• Available only for Spot transactions in XOFF environment
• Available in RFS mode only
• A client must be specifically enabled for Split Settlement by Bloomberg
• Applicable only to specific currency pairs, like USD/BRL
• An enabled client can launch his RFQ FXGO icon and select "Subtype" as "Split Settlement"
• Then a client can change change base currency Settlement Date, which has "Flexible" label to the right, as on the screenshot below 

Batches

• Commodities (metals) - traded in XOFF only, regulatory fields N/A
• Only Spot, Outright and NDF LegProductTypes are allowed.  Two-legged Swap and NDS securities are split into Spot, Outright and NDF products, respectively
• Environment is the same for all products within a batch.
• Batch contains products for one currency pair only.  If another pair is used, a new batch will be created automatically.  Moreover, a change of settlement currency will also result in new batch.
• Every product in a Batch can be priced as either Buy or Sell, but never both, unlike RFS, where two-way pricing is available.
• Its possible to upload Batches from Excel.  The steps are:
  1) Run HELP FXBM<GO> on Bloomberg Terminal
  2) Select "Uploading Orders" option in the left column
  3) Download the template spreadsheet  by clicking on "FXEM/FXBM Orders" blue link, as per the screenshot below
  4) Enter the necessary information into the spreadsheet, template "C.UPLOADING A BATCH INTO FXEM"
  5) Drag and Drop this template into your FXBT screen.

ESP

The Trading Grid is used by Takers for ESP pricing and trading against configured Makers.

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Price Precision

Note that for certain currency pairs, Bloomberg is not able to support decimalised pricing - for example, USD/MXN, USD/ZAR. Alternatively it may be that the Maker maintains a Price Class for whole-pip pricing.

Production Support

FXAT - Audit Trail

It is recommended that Maker Support teams utilise the FXAT function within Bloomberg, which provides a highly detailed audit trail of all trading activity.

Rejection of Quote Requests

Whenever Liquidity Provider rejects a request for quote(s) in Bloomberg RFS, ESP or Batches mode, contact email for e-FX support team must be provided in text field.

PartyIDs

Please refer to Whisperer Enterprise - PartyIDs for the full Enterprise table across all venues.

Regulatory Fields

Please refer to or Regulatory Fields for the full Enterprise table across all venues.

Passthru Fields

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