Thomson Reuters has upped the ante on its forex algorithms – improving the liquidity they find and speeding them up.
The vendor has integrated its FXall liquidity and enhanced both its core pricing engine and customer interface for electronic fx trading.
The enhancements, part of the Electronic Trading platform, according to Thomson Reuters, helps banks offer more competitive prices to their customers while optimizing the risk management of their transactions. While full automation is possible, banks retain complete control over both pricing and hedging, enabling them to smoothly integrate their e-commerce activities with their other trading desks.
“Against a backdrop of market scrutiny, the need for increasing transparency and trade reporting will only see an increased adoption of electronic FX trading around the world,” said Neill Penney, head of workflow management at Thomson Reuters. “Our bank customers need flexible trading platforms to continue to forge direct connections with their customers electronically. They need tools that provide control over electronic pricing, distribution and hedging to meet the growing demands of their client base and improve internal efficiency through automation.”
Enter Electronic Trading. The firm also added extra auto execution and smart order routing methods to the system, which improves both pricing accuracy and enabling trade execution with minimal market impact.
In addition, Thomson Reuters has redesigned the user interface to enhance customer experience and support increased brand flexibility. Advanced business intelligence tools have also been added to help banks intuitively analyze and understand customer behavior, trends and profitability using innovative visualizations of transaction data.
