Thomson Reuters Signs 21 Banks for Nepalese FX Platform
The addition of the banks to the platform will allow real-time price display, and elements of automation in the regional FX market. The platform allows for connectivity and communication between participants, as well as transaction execution.
"The start of the dealing platform marks a move towards the automation in management of foreign exchange reserve in Nepal," says Y.R. Khatiwada, Governor of Nepal Rastra Bank. "It provides the Nepalese banking sector with easy access to multiple counterparts at a time and helps to grasp the opportunities arising from changes in international financial markets. This will also maximize the efficiency of our people working in FX reserve management."
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