Bloomberg tests Drachma currency in its terminal

As part of a normal course of business, Bloomberg has tested today a number of different scenarios involving the use of the Drachma across different businesses of the group.

Among the scenarios, the company confirmed tests on individual sovereign default scenarios and changes of currency for individual sovereigns.

The Greek drachma was for a period of time visible on Bloomberg’s electronic information platform and described by the helpdesk as an internal function under testing.

Bloomberg confirmed the contingency planning exercises.
“As part of this testing process, a test identifier was briefly visible to a few customers,” the company said in a statement.

The drachma identifier has been now removed from the system.

Similar tests on former domestic currencies of eurozone member countries were carried on most electronic trading platforms over the last weeks, and confirmed by interdealer broker Icap among the others.

Photo: Megan Greene via Twitter

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