Thomson Reuters and State Bank of Vietnam Launch Real-Time FX Trade Monitoring System
(Thomson Reuters ONE) -
Post-trade transparency and reporting enhanced through Thomson Reuters Dealing
footprint across 60 Vietnamese banks
Hanoi, October 24, 2013 - Thomson Reuters, the world's leading source of
intelligent information for businesses and professionals, and State Bank of
Vietnam today announced the launch of a real-time trade monitoring and post-
trade system for collecting and extracting information in the interbank foreign
exchange market. The real-time system will leverage 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, and conduct FX transactions. It also
builds upon a footprint of over 60 local and foreign financial institutions that
are signed up to Thomson Reuters Dealing in Vietnam.
"The implementation of this system marks a positive shift towards automation in
managing post-trade foreign exchange information," said Pham Bao Lam, Director
General of Central Banking Department, State Bank of Vietnam. "The ability to
access accurate, real-time information will help modernize how the State Bank of
Vietnam monitors foreign exchange transactions and increase transparency across
the industry as well as promoting the long-term growth of interbank foreign
exchange market."
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 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. The system also
utilizes the Thomson Reuters Deal Tracker Service, which provides firms with a
centralized view of conversation data, deal tickets and third-party post-trade
information.
"Thomson Reuters Dealing serves the world's largest professional trading
community and we are delighted to be working with the State Bank of Vietnam on
this initiative," said Alfred Lee, managing director ASEAN, Thomson Reuters.
"This represents a new era in post-trade transparency, efficiency and automation
in the FX market in Vietnam as it becomes one of the few countries in the world
to participate in post-trade transparency and reporting in the FX markets."
Thomson Reuters has had a presence in Vietnam for 21 years working closely with
the financial industry and the banking community and is the leading
international financial provider to operate in the country. In 1995 Thomson
Reuters became the first organisation to introduce electronic trading of the
Vietnamese Dong (VND) against the US dollar through its electronic Reuters
Dealing Direct service.
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
Alan Duerden
Public Relations Director, GRC & Marketplaces
Office: +44 (0) 207 542 0561
Mobile: +44 (0) 7825282483
Email: alan.duerden(at)thomsonreuters.com
Jennifer Walker Frisinger
Public Relations Director, APAC
Office: +852 2843 6921
Mobile: +852 6201 0526
Email: jennifer.walkerfrisinger(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#1737777]
Unternehmensinformation / Kurzprofil:
Datum: 24.10.2013 - 08:57 Uhr
Sprache: Deutsch
News-ID 308897
Anzahl Zeichen: 5020
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 142 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Thomson Reuters and State Bank of Vietnam Launch Real-Time FX Trade Monitoring System"
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).
