Twenty-One Banks in Nepal Sign Up To Thomson Reuters Foreign Exchange Dealing Platform
(Thomson Reuters ONE) -
Nepalese Rupee to trade on global platform for first time alongside major
international currencies
Kathmandu, March 24, 2013 - Thomson Reuters, the world's leading source of
intelligent information for businesses and professionals, today announced that
21 leading banks in Nepal have signed up to Thomson Reuters Dealing, the
company's industry standard trading platform for foreign exchange (FX) that
enables trading professionals to connect with one another, hold conversations
about different FX products and prices, as well as conduct FX transactions. This
milestone will also mark the first time that the Nepalese rupee trades on a
global trading platform alongside major international currencies.
"The start of the dealing platform marks a move towards the automation in
management of foreign exchange reserve in Nepal," said Dr. Y.R. Khatiwada,
Governor of Nepal Rastra Bank who officiated at a ceremony marking the occasion
with the Nepal Bankers' Association and the Foreign Exchange Dealers Association
of Nepal. "It provides the Nepalese banking sector with easy access to multiple
counterparts at a time and helps to grasp the opportunities arising from changes
in international financial markets. This will also maximize the efficiency of
our people working in forex reserve management."
Used by more than 18,000 trading professionals globally in more than 5,000
organizations across 120 countries Thomson Reuters Dealing is the industry
standard for FX trading professionals for price discovery, trade execution and
seamless integration with back office processes. Through Thomson Reuters Dealing
users can quickly and efficiently contact their trading counterparties across a
highly secure and reliable network, find liquidity in the instruments they are
trading and get a clear view of where the FX markets are heading.
"Thomson Reuters Dealing serves the world's largest professional trading
community and we are delighted to welcome these 21 Nepalese banks into that
community," said Sriram Ramnarayan, vice president, Financial & Risk South Asia,
Thomson Reuters. "This represents a new era in transparency, efficiency and
automation in the way trades are executed in Nepal. The availability of real-
time pricing information and automated trading processes will open up new
opportunities for Nepal's banks and enable them to tap into the global FX
markets - the largest financial market in the world."
Thomson Reuters has had a presence in Nepal for more than a decade working
closely with the financial industry and the banking community and is the leading
international financial provider to operate in the country in association with
Nepal's ICTC Group.
About Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for
businesses and professionals. We combine industry expertise with innovative
technology to deliver critical information to leading decision makers in the
financial and risk, legal, tax and accounting, intellectual property and science
and media markets, powered by the world's most trusted news organization. With
headquarters in New York and major operations in London and Eagan, Minnesota,
Thomson Reuters employs approximately 60,000 people and operates in over 100
countries. Thomson Reuters shares are listed on the Toronto and New York Stock
Exchanges. For more information, go to http://thomsonreuters.com.
PR Contacts
Simonnia D'mello
Wordswork Communications
Mobile: +91 9833205045
Email: simonnia(at)wordswork.in
Alan Duerden
Public Relations Director, GRC & Marketplaces
Office: +44 (0) 207 542 0561
Mobile: +44 (0) 7825282483
Email: alan.duerden(at)thomsonreuters.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Thomson Reuters Corporation via Thomson Reuters ONE
[HUG#1687717]
Unternehmensinformation / Kurzprofil:
Datum: 25.03.2013 - 10:01 Uhr
Sprache: Deutsch
News-ID 242564
Anzahl Zeichen: 4669
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 184 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Twenty-One Banks in Nepal Sign Up To Thomson Reuters Foreign Exchange Dealing Platform"
steht unter der journalistisch-redaktionellen Verantwortung von
Thomson Reuters Corporation (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
