Reuters broadens FX community
Reuters has launched a new service which allows banks and their customers to trade foreign exchange from their Reuters desktop.
Reuters has launched a new service which allows banks and their customers to trade foreign exchange from their Reuters desktop. Reuters Trading for Foreign Exchange (RTFX) extends the multi-asset Reuters Trading suite of capabilities beyond fixed income, equities, and futures into spot and forward foreign exchange. Fourteen global institutions, including ANZ, Barclays Capital, Calyon, Danske Bank, Handelsbanken Capital Markets, Lehman Brothers, National Australia Bank, Nordea, Resona Bank, Standard Chartered Bank, a large UK bank and other global and regional institutions, will be supporting the capability and are all expected to go live over the next few months.
Initially, Reuters is focusing on developing the electronic FX flow between global and regional banks and their corporate treasury and financial institution customers. RTFX will help stream-line access to bank FX liquidity at competitive transaction rates, whilst simplifying the trading cycle, reducing processing costs and eliminating transaction errors.