Thomson Reuters today announced the addition of foreign exchange trading capabilities for corporate treasurers on its flagship financial markets desktop Thomson Reuters Eikon. The Company has integrated FXall QuickTrade, its state-of-the-art request for stream service, to provide corporate treasury customers trading smaller FX volumes with a complete solution that combines news, data and market analysis with direct access to 140 FXall liquidity providers.
New Eikon/FXall integrated offering
The new integrated offering from Thomson Reuters enables corporate treasurers to simplify their desktop technology and streamline their trading workflow. They can access fast, automated prices on spot, forwards, and swaps from FXall's market makers straight from the Eikon desktop, while also benefiting from FXall’s straight-through processing and comprehensive post-trade reporting and analysis. Trades executed in Eikon can automatically flow through to FXall Settlement Center, enabling treasurers to streamline the confirmation process with their liquidity providers.
Thomson Reuters Eikon combines Reuters economic news, expert commentary from FX Buzz, global market data including FX market pricing from over 2,000 contributing sources in 175 currencies with advanced visualization and search tools for finding and analyzing information. With the integration of FXall QuickTrade, corporate treasurers can also now access 140 FXall liquidity providers and trade on their prices from within the same screen.
“Many corporate treasurers have light FX trading needs but still need access to liquidity on a regular basis. We recognize how much easier it is for these customers to be able to access everything they need from within one application,” said Neill Penney, head of foreign exchange workflow at Thomson Reuters. “The integration of FXall QuickTrade functionality into Eikon is a milestone in Thomson Reuters strategy to bring together all of its FX assets onto one platform. By combining the intelligence and analytics of Thomson Reuters Eikon with the market liquidity of FXall QuickTrade, we are simplifying how our customers can engage with the FX market.”
CTMfile take: The integration of the advanced Eikon market analysis with the FXall trading functionality and the huge liquidity of FXall members is an important improvement for Eikon users. It also gives FXall an important differentiator in the increasingly competitive FX dealing market.