Thomson Reuters Corp (NYSE:TRI) has integrated all of its FX transaction venues onto one platform, in order to establish a single point of access to what it claims to be the industry’s largest collective independent pool of Forex liquidity.
Thomson Reuters request for stream service (FXall QuickTrade), continuous streaming prices (Bank Stream), central limit order books (Matching, Order Book) and conversational dealing platform (Dealing) have now all been fully integrated into the next-generation desktop solution FX Trading.
FX professionals using FX Trading will be able access all of the above-mentioned FX venues. They also receive access to new order types such as Peg, TWAP and Icebergs which provide traders with greater flexibility and choice in execution. In addition, the integration of Thomson Reuters Trade Notification (TRTN) offers enhanced post-trade capabilities.
FX Trading now incorporates the advanced FXall portfolio order management system (POMS) which improves collaboration and workflow efficiency across a portfolio of trades, including functionality for multiple allocations, currencies and forward dates. For market-makers, FX Trading includes single sign-on to e-commerce, price creation and price distribution capabilities (Electronic Trading and Treasury Center), including provider intervention and automated hedging tools.
FX Trading also offers single sign-on to the powerful pre-trade data and analytics in Thomson Reuters Eikon and Thomson Reuters venue rulebooks help ensure the highest standards for market behavior and transparency are upheld.
“Market volatility, regulatory scrutiny and decreased risk appetite among market participants are all having an impact on FX market liquidity,” said Phil Weisberg, global head of FX at Thomson Reuters. “This is why we want to make it as easy as possible for our clients to find the liquidity they need, have the flexibility to access it efficiently through a choice of venues and order types, and be confident that rigorous standards for behavior are upheld by Thomson Reuters for all users of our platforms. We have had a fantastic response to FX Trading, with thousands of customers in every region already signed up and hundreds more joining each week as we continue to evolve the platform.”
Introduced in 2014, Thomson Reuters FX Trading has been designed as the natural upgrade path for users of all of the company’s legacy FX transaction venues. The company says the solution will continuously evolve as more functionality and content is added.
To view the announcement from Thomson Reuters, click here.