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Thomson Reuters and GFI Group have formed a JV with SDIC Trust to launch a FX and money brokerage in

The partners - Thomson Reuters, GFI Group and SDIC Trust - feel that they meet the prerequisites required to obtain an application for a licence and are preparing to file with regulators for the Beijing-based JV. If accepted, they will offer a full service voice and electronic brokerage for the domestic money markets in China, supporting the needs of financial institutions within the country when trading the Renminbi and other regulated market instruments.

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