Reuters Broadens Foreign Exchange Community
A new service has been launched by Reuters that allows banks and their customers to trade foreign exchange from their Reuters’ desktop. Reuters Trading for Foreign Exchange (RTFX) builds on the company’s global foreign exchange position, helping banks to reduce costs and expand the reach of their prices. It also extends the multi-asset Reuters trading suite of capabilities beyond fixed income, equities, and futures into spot and forward foreign exchange. Fourteen global institutions, including ANZ, Barclays Capital, and Danske Bank will be supporting the capability and are all expected to go live over the next few months. According to Reuters, RTFX brings financial market professionals the ability to quickly and securely execute spot and forward FX and manage post trade processing through a single sign-on, utilising Reuters’ global desktop footprint in the FX marketplace.