Thomson Reuters Consolidates Foreign Exchange Venues, Creates FX Trading
Single desktop solution includes portfolio order management system for buy-side participants to access FX liquidity.
The FX Trading platform, launched in 2014, now comprises the request for stream service (FXall QuickTrade), continuous streaming prices (Bank Stream), central limit order books (Matching, Order Book) and conversational dealing platform (Dealing). Users will also gain access to the FXall portfolio order management system and pre-trade data and analytics tools from the Thomson Reuters Eikon suite.
"Market volatility, regulatory scrutiny and decreased risk appetite among market participants are all having an impact on FX market liquidity," says 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.
With daily trading volumes of over $5 trillion the foreign exchange market has seen a proliferation of new venues spring up this year, with other market participants including EBS and Northern Trust both launching new FX platforms while exchange operators Bats Global Markets and Deutsche Börse both making significant investments in FX trading.
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