TRTN network connections rise

The number of FX market participants publishing and receiving trade notifications on Thomson Reuters trade notification network has grown 50 percent year-on-year through February 2016

First Published by e-Forex News: March, 2016

Jodi Burns
Jodi Burns

The number of FX market participants publishing and receiving trade notifications on Thomson Reuters trade notification network has grown 50 percent year-on-year through February 2016 as industry participants seek to realize the benefits of increased transparency and reduced costs and errors from automated trade notification and straight through processing (STP). Thomson Reuters Trade Notification (TRTN) has also seen an increase in message volume of 20 percent in the same period.
“While regulation is putting the onus on market participants to ensure transparency throughout the trade life cycle, efficiency and cost benefits are also driving our clients to consolidate the systems they use,” said Jodi Burns, Head of Regulation and Post-Trade Networks at Thomson Reuters. “For trade notification they are looking for a system that can serve the entire FX market, and we are committed to partnering agnostically across the industry to achieve that.”