Reuters Supports Twist Corporate Treasury Standard
Reuters has announced plans to work with Twist, the not-for-profit industry group delivering standards in financial processes to corporates, to help corporate treasurers improve their straight through processing. This move supports Reuters’ aims to provide the treasury community with efficient settlement and straight through processing of foreign exchange and money market transactions. Reuters will develop a Twist interface, fine tuning it with customers for its recently launched Reuters Trading for Foreign Exchange (RTFX) service. This will enable organisations trading on RTFX to receive real-time post trade notifications directly into their internal trade processing systems, avoiding the costs and errors associated with less integrated trade capture methods.