Thomson Reuters has announced they are integrating all of their FX transaction venues into next-generation FX Trading desktop, to streamline access to liquidity for the FX community; including advanced portfolio order management system for buy-side participants. The integration will include:
- Request For Quote service -RFQ (FXall QuickTrade)
- Continuous streaming prices -ESP (Bank Stream)
- Central limit order books-CLOB (Matching, Order Book)
- Conversational dealing platform (Dealing)
The new FX Trading desktop will also include new order types such as Pegged, TWAP and Icebergs which give traders greater flexibility and choice in execution. Enhanced post-trade capabilities are provided with the integration of Thomson Reuters Trade Notification (TRTN) which offers a post-trade network of over 100 publishers and 1,000 receivers.
According to Phil Weisberg, global head of FX at Thomson Reuters:
“Market volatility, regulatory scrutiny and decreased risk appetite among market participants are all having an impact on FX market liquidity”
“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.”
To meet the needs of:
Buy-side users: 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.
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 provides 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.
Introduced in 2014, Thomson Reuters FX Trading furthers Thomson Reuters strategy to provide a platform that brings together the best of the company’s pre-trade tools, trading venues and post-trade capabilities into one single next-generation desktop. FX Trading has therefore been designed as the natural upgrade path for users of all its legacy FX transaction venues and will continuously evolve as more functionality and content is added.
Full announcement here