29 November 2021,   00:39
Bloomberg’s new Bmatch currency platform will be available for more participants

According to the National Bank of Georgia, the second part of the reform is to launch a new trading platform of Bloomberg - Bmatch, which provides automatic matching and execution of counterparty transactions.

As the NBG said, the Bmatch platform launched in Georgia back in March and is operating in test mode. At this stage, the platform is already used by 15 banks, four microfinance organisations, one large company and a foreign investment fund.

The NBG added that until the reform comes into force the banks in Georgia will have time to upgrade their infrastructure, while companies will be able to sign service contracts with one or more banks.