Mizuho Bank has selected Thomson Reuters' FX Trading desktop, following Japan’s growth as one of the five global leaders in foreign exchange (FX) trading and increasing demand from Japanese FX traders to trade diversified instruments and improve the effectiveness of execution.
Yosuke Takahashi, foreign markets team 1, international FX department at Mizuho Bank, said in a statement that the deployment of Thomson Reuters' FX Trading (FXT) desktop would give dealers a variety of ordering methods.
"The diversification of ordering methods leads to the improvement of operating functions and also translates into more opportunities for trading profits," Takahashi said. "It also offers conversation services where transfers can communicate with the external parties and information-gathering function."
FXT is a global FX trading pool, created in 2015 and brings together FX transaction venues in one platform. Its goal was to create a single point of access to unrivaled liquidity in hundreds of currency pairs.
FXT delivers multiple venues for spot, FX swaps, options, and non-deliverable forwards (NDFs) via a single, integrated platform. Users also gain access to new order types such as peg, time-weighted average price (TWAP), and icebergs, thus providing flexibility and choice in execution.
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