Day Trading & Forex Forum

Phoenix669

Currently in the planning stages of starting up a somewhat small FX and fixed income fund (~100k), and starting to browse around at platforms and brokers.

1. Reuters
2. Bloomberg
3. Currenex


Ok so I have some experience with Reuters and Currenex, but haven't used Bloomberg. But it seems to be popular amongst a majority of funds.

anyone on here have experiences with it and can give me some insight?

__________________
My Trading Journey:
http://trdjrny.blogspot.com/

newly inducted Quantitative Finance Major...

A Dashing Blade

Bloomberg is God for bonds, that's it really. But at circa £1,000 pcm (?), it's not cheap.

GammaJammer

What are you planning to do with these platforms? Currenex is an FX ecn, the others are information platforms. You can execute FX over bloomberg but it's not really what it was designed for. Reuters have product offerings for both trading and analysis. But in terms of trading it's heavily FX focused.

If you are planning to do your analysis on these things then maybe Bloomberg is your best bet. But that rather depends on what sort of analysis you will be doing. I use Bloomberg every day but there are a few things that I prefer about Reuters to be honest. Messaging on bloomberg is far superior (and I talk to a load of banks, clients etc on both Reuters and Bloomberg).

So if you let us know a bit more about how you plan to work, maybe it would be a tad easier to offer some insight.

GJ

__________________
"That which doesn't kill me makes me stronger"

Martinghoul

I use BBG for everything and I know no other that's as useful for FI. Not entirely sure about FX.

__________________
"Insofar as I may be heard by anything, which may or may not care what I say, I ask, if it matters, that you be forgiven for anything you may have done or failed to do which requires forgiveness."

GammaJammer

The problem with bloomberg for FX is that it's a bit of a triumph of style over substance at the moment imho. They're heading in sort of the right direction, but they're still too hung up with bels and whistles at the expense of just building a simple, robust liquidity source (unless all you want to do is call the banks and cross the spread all day).

Give it a few years though amd maybe it'll be different. Like the analytics though (although as an old school FX guy it has taken me a while to get used to the differences between Bloomie and Reuters (especially as I thought they were really starting to nail it with the advent of Kobra).

My $0.02

GJ

__________________
"That which doesn't kill me makes me stronger"