Thomson Reuters Celebrates Success of FX Communities in Thailand

Bangkok and London - 28 March 2013

BOT Deputy Governor Presents Honours at Thomson Reuters FX Trading Awards

Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, announced the winners of its fourth annual Thomson Reuters FX Trading Awards for Thailand’s financial community. The annual Thomson Reuters FX Community Forum took place in Bangkok yesterday and was officiated by the Bank of Thailand’s deputy governor, Mrs Pongpen Ruengvirayudh.

At the Thomson Reuters FX Community Forum event, Bank of Thailand deputy governor Mrs. Pongpen Ruengvirayudh addressed an audience of distinguished financial professionals on the challenges brought by “the great rotation” - the flow of funds from bonds to equities - as the markets have responded to the improved confidence in the global economy this year.

Foreign exchange trading conditions in Thailand continue to be positive against the backdrop of stable economic growth, according to Thomson Reuters data. Thailand’s economy has rebounded successfully since the devastating floods in 2011 and this year the country’s economy is expected to grow 5%, according to the World Bank, further strengthening its already growing FX market.

Thomson Reuters has a long history in Thailand and in 2006 became the first organisation to introduce electronic trading of the Thai Baht (THB) against the US dollar through its electronic Matching service. Last year the company launched Matching for Thai Baht (THB) onshore swaps, which has provided additional trading opportunities for financial institutions based in Thailand.

"Thomson Reuters commitment to deliver an improved and diversified line of solutions and services across the FX markets is long supported by market participants in Thailand,” said Nigel Fuller, sales director Asia, treasury transaction services at Thomson Reuters. “Our recent acquisition of FXall nicely complements our existing Thai Baht Matching business and we are supporting the FX market in Thailand like never before.”

Thomson Reuters acquisition of FXall, the leading multi-bank electronic foreign exchange platform, in August 2012 positions the company to deliver the most innovative FX services available across the entire spectrum of price discovery, execution and post-trade services.

Foreign exchange is the world’s most-actively-traded asset class and continues to generate significant interest from the global trading community. In February 2013, Thomson Reuters reported average global daily FX spot volumes in excess of US$137 billion over its foreign exchange trading platforms, while FXall trading volumes reached US$110 billion.

Thomson Reuters annual FX Awards for Thailand aims 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 awards are given not only for outstanding business achievements, but also to recognise the notable efforts made in enhancing the market’s efficiency,” said Pongpen Ruengvirayudh, deputy governor, Bank of Thailand.

The winners for Thomson Reuters FX Trading Awards for Thailand are as follows:

1. Best USD/THB Liquidity Provider (from Dealing Spot Matching)

Winner: Bangkok Bank PCL

1st Runner Up: The Hong Kong & Shanghai Banking Corporation Limited

2nd Runner Up: KASIKORNBANK PCL

2. Best Foreign Currency Liquidity Provider (from Dealing Spot Matching)

Winner: The Bank of Tokyo-Mitsubishi UFJ, Ltd.

1st Runner Up: JPMorgan Chase Bank, Bangkok Branch

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: Krung Thai Bank PCL

4. Best THB FX Contributor

Winner: BNP Paribas, Bangkok Branch

1st Runner Up: The Hong Kong & Shanghai Banking Corporation Limited

2nd Runner Up: Citibank, N.A.

5. Best THB Interest Rates Contributor

Winner: TMB Bank PCL

1st Runner Up: Citibank, N.A.

2st Runner Up: Siam Commercial Bank PCL

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