Refinitiv, formerly the Financial and Risk business of information giant Thomson Reuters (NYSE:TRI), announced that activity on the company’s foreign exchange platforms has reached new highs in 2019.
Regional market participants across the buy-side and sell-side benefit from Refinitiv’s comprehensive offering, from dealer-to-client trading on FXall, to interdealer trading on Matching.
The company has earlier this year introduced real-time coverage for the BRVM Exchange (Bourse Régionale des Valeurs Mobilières) for equity and fixed income markets, and has also been re-appointed by Bank Negara Malaysia (BNM) as the calculating and distribution agent for the industry interest rate benchmark, Kuala Lumpur Interbank Offered Rate (KLIBOR).
We are committed to further adapting our buy-side trading workflow on FXall to the needs of local investors” said Jonathan Woodward, Regional Head of Transactions Sales at Refinitiv, noting that trading volumes from asset managers are up over 30% so far in 2019. “We have also had success across various large Asian corporations” adds Woodward, citing a 24% increase in volumes from corporates over the same time period.
Refinitiv’s FX solutions also power the regional inter-dealer market, through Matching, one of the historical primary markets for FX, and Electronic Trading, the company’s pricing engine for liquidity providers.
We continue to work closely with regional central banks and liquidity providers in order to promote the development of local primary markets, increase electronic liquidity, and create more transparency,” he added.
Electronic Trading (known as ET) helps banks automate their pricing, distribution and hedging processes, while allowing them to service more customers with enhanced efficiency.