Thomson Reuters to provide China real-time Interbank FX Rates through its one-stop Eikon desktop
(Thomson Reuters ONE) -
Live China interbank pricing for onshore and offshore renminbi market
BEIJING, LONDON, 7 May, 2013 - Thomson Reuters, the world's leading source of
intelligent information for businesses and professionals, today announced it
will provide real-time interbank foreign exchange (FX) data for the onshore and
offshore renminbi (RMB) market. Through the company's flagship financial markets
desktop, Thomson Reuters Eikon, investors can now use integrated real-time FX
data from the China Foreign Exchange Trade System (CFETS), the official
interbank trading and FX division of China's central bank.
As of this month, financial professionals can easily track the RMB FX market
with simple access to real-time tick by tick prices, trade volume data as well
as market contributor content from CFETS. This information offers currency
traders, analysts and institutional investors the ability to make timely trading
and investment decisions with an up-to-the second understanding of RMB exchange
rate movements.
The launch of this service allows investors to receive RMB FX spot, forward and
swap prices, historical trade volumes, as well as foreign currency pairs data
through a Thomson Reuters Eikon interface customized to a user's workflow. In
addition, financial professionals can use the same platform to connect to global
counterparties and liquidity in addition to accessing Thomson Reuters global FX
community - one of the largest and most active in China. More than 2,000 FX
professionals in China currently use Thomson Reuters FX multi-media forum for
online live chat and real-time market news.
Thomson Reuters Eikon is designed to provide a powerful and intuitive next-
generation solution for consuming real-time and historical data, connecting with
the financial markets community and executing financial markets transactions
across asset classes such as foreign exchange (FX), fixed income, commodities,
equities and derivatives. It realizes Thomson Reuters vision for a financial
markets desktop that is intelligent, simple and social. Driven by powerful
search engine technology, Eikon carries real-time data, news, charts, insightful
commentary and analytics - such as FX Buzz, an intraday service offering forward
looking analysis and commentary for the foreign exchange community - that can be
customized to individual user preferences and workflow. Based on open standards,
Eikon is powered by Thomson Reuters Elektron, the Company's low latency data and
trading infrastructure.
"The provision of the China's real-time interbank FX data is another in a
series of enhancements for Thomson Reuters Eikon users and demonstrates our
commitment to bringing clients a comprehensive and intuitive interface to
information on the China market," said Massimo Di Gregorio, Managing Director,
Thomson Reuters China. "At a time when the RMB is rapidly becoming one of the
major international currencies, our partnership with CFETS can bring significant
competitive advantages to our clients."
RMB FX trading conditions in China continue to be resilient against a background
of strong economic growth. The continued strong domestic demand and a mild
global economic upturn means that China's economy is expected to grow 8.4% in
2013, according to the World Bank. This growth is expected to further strengthen
China's already growing FX market.
Globally, Thomson Reuters is a leading provider of liquidity and workflow
solutions for the FX markets. Last year, the company completed its acquisition
of FXall, which further strengthened Thomson Reuters role in the FX marketplace
and will enable it to serve a broader universe of institutions looking to take
advantage of alpha generating opportunities in FX. In March 2013, Thomson
Reuters average daily FX spot volumes for the month was US$131 billion. This
represents the average amount traded daily on Thomson Reuters main FX Spot
trading services - Thomson Reuters Dealing, Matching and Reuters Trading for FX.
FXall's trading volumes for March 2013 were $110 billion. This represents the
average amount traded daily, counting one side of the trade on FXall's main
trading services - Relationship Trading and Active Trading.
Figure 1. CFETS spot page: A single interface to display real-time spot trade
prices as well as best quotes of CNY and FX pairs traded on CFETS platform,
including individual contributors and historical data on chart.
Figure 2. CFETS fwd page: Real-time FX forwards and swap points of CNY pairs
traded on CFETS platform have been integrated onto this page, as well as major
brokers' FX quotes for comparison purpose.
-End-
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.
CONTACTS
Alan Duerden Joyce Zhang (Jiayin)
Thomson Reuters Thomson Reuters
+44 (0)207 542 0561 +86-21-61041607
alan.duerden(at)thomsonreuters.com joyce.zhang(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
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Unternehmensinformation / Kurzprofil:
Datum: 07.05.2013 - 11:00 Uhr
Sprache: Deutsch
News-ID 256783
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