Bank of Thailand governor addresses economic outlook at community event in Bangkok
Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, has announced the launch of the on-shore Thai Baht (THB) forwards trading service on Thomson Reuters Matching, which is set to generate more trading opportunities among financial institutions in Thailand.
Nigel Fuller, Sales Director Asia, Treasury Transaction Services, at Thomson Reuters, said: "Thomson Reuters has long supported the global FX forwards market on our matching transaction platform and the same platform has been successful in attracting strong liquidity in spot Thai Baht. The decision for us to introduce an onshore THB forwards trading service was an obvious next step for us and we have been very much encouraged by the take-up by banks in Thailand. We look forward to continuing to provide an efficient Thai Baht marketplace for our clients there.”
As the most-actively-traded asset class in the world, foreign exchange continues to generate significant interest from the global trading community and in January 2012 Thomson Reuters reported average global daily FX spot volumes in excess of US$127 billion over its foreign exchange trading platforms. In 2006, Thomson Reuters became the first company to introduce electronic trading of the Thai Baht (THB) against the US dollar through its electronic matching service.
The launch of the on-shore THB matching service also coincided with the Thomson Reuters FX Community Forum event, which was held at the Siam Kempinski Hotel in Bangkok yesterday. Bank of Thailand Governor Dr. Prasarn Trairatvorakul addressed an audience of distinguished financial professionals on the outlook for Thailand at a time of global economic uncertainty
Also at the community event, Thomson Reuters announced the winners of its third annual FX Awards for Thailand’s financial community. The purpose of the awards is to promote transparency and liquidity in the Thai foreign exchange market and to recognize its importance to the broader Thai economy. The Thai FX Award winners were determined based on trading volumes and pricing contributions on Thomson Reuters electronic FX trading platforms.
The winners for Thomson Reuters FX Trading Awards for Thailand were as follows:
1. Best USD/THB Liquidity Provider (from Dealing Spot Matching)
Winner: Bangkok Bank PCL
1st Runner Up: Standard Chartered Bank (Thai) PCL
2nd Runner Up KASIKORNBANK PCL
2. Best Foreign Currency Liquidity Provider (from Dealing Spot Matching)
Winner: JPMorgan Chase Bank, N.A.
1st Runner Up: The Bank of Tokyo-Mitsubishi UFJ, Ltd.
2nd Runner Up: Bangkok Bank PCL
3. Best Foreign Currency Liquidity Provider (from RTFX)
Winner: Thanachart Bank PCL
1st Runner Up: KASIKORNBANK PCL
2nd Runner Up: United Overseas Bank (Thai) PCL
4. Best FX & Interest Rates Contributor
Winner: Siam Commercial Bank PCL
1st Runner Up: Citibank, N.A.
2nd Runner Up: TMB Bank PCL
