Whilst indicative FX rates have been available for many years, financial market professionals have suffered from lack of access to the core dealing rates, unless participating directly in that market. For the first time, buy-side participants, such as asset managers, hedge funds, corporates and commodity trader advisors, can access comprehensive and real-time information of the leading foreign exchange currency pairs derived from the professional inter-bank market via Reuters Dealing 3000 Spot Matching service. This development supports Reuters leading position in the global Treasury markets and reinforces its commitment to responding to customer demand.
The new price feed, called Reuters FX Spot View, is available free of charge to customers of its flagship desktop Reuters 3000 Xtra. Users of other Reuters products can purchase the feed as an add-on.
Mark Robson, Global Head of Treasury and Fixed Income, Reuters, said, âReuters has listened closely to both banks and their customers to establish how best to distribute executable-grade foreign exchange prices to the global marketplace. With this key new data content release, Reuters now can provide customers with a much-improved view into FX market movements as well as excellent raw material with which to benchmark their trading or portfolio performance.
"The Reuters FX dataset in this release is the widest available, covering both major and Commonwealth currencies, and is being made available free of charge to customers taking Reuters Treasury information services over the flagship 3000 Xtra platform," Robson added.
Reuters FX Spot View offers a broad range of transactional data across 15 major currency pairs and provides a range of metrics including:
Â· Last Traded Price
Â· Real-time derived bids & offers
Â· Highs and lows from the Dealing 3000 Spot matching system, showing top five highest and lowest trades and prices of the day.
Â· Regional ranges
Â· Hourly snapshots, giving the last trade, bid and ask for each time point.
Additionally, Reuters FX Spot View provides greater detail of the treasury markets enabling users to study cause and effect. The Key Economic Indicators section will give users releases on the day and in the week ahead including market expectations, Related News provides up-to-date news from the Reuters Treasury news team and Analysis supplies fast analytical assessment of newly released data plus forthcoming events and predictions on rates.