Thomson Reuters has announced an interface via a single desktop to its FX transaction service, which brings together several services onto one platform, in what it calls “the industry’s largest collective independent pool of FX liquidity”. Thomson Reuters FX Trading was introduced in 2014, bringing together the following four Thomson Reuters services:

• request for stream service (FXall QuickTrade),
• continuous streaming prices (Bank Stream),
• central limit order books (Matching, Order Book) and
• conversational dealing platform (Dealing).

According to the press statement, users of FX Trading will be able to access a large pool of liquidity (up to $367bn annually) as well as new order types such as Peg, TWAP and Icebergs.

Kevin McPartland, head of market structure and technology research at market intelligence and advisory firm Greenwich Associates, commented: “As the FX market has become more complex and liquidity more challenged, market participants are increasingly demanding flexibility in how they interact with one another.”