Bangkok - Reuters (LSE: RTR, NASDAQ: RTRSY), the global information company, today became the first company to introduce the electronic trading of the Thai Baht (THB) against the US dollar, through its premier electronic matching service, Reuters Dealing 3000 Spot Matching.
Banks globally are able to trade the new currency pair, USD/THB on a spot basis, adding to the existing Reuters electronic matching service which now provides liquidity to 43 countries, covering 26 currency pairs listing 43 instruments.
In addition, the company also launched Reuters Dealing 3000 Spot Matching service, the premier fully electronic broking system, in Thailand. This move will enable banks in Thailand to trade global currency pairs in Spot FX, including the US Dollar, Euro, Japanese Yen, Sterling, amongst others.
Major banks in Thailand have signed agreements to use Reuters Dealing 3000 spot matching service.
Nicholas Ohlin, Director of Treasury Broking services, Reuters Asia, said: "Reuters is determined to offer our customers access to the widest possible range of currencies and liquidity. Reuters is considered to be the pre-eminent electronic platform for emerging markets and the addition of THB can only add to this reputation".
Alexander Hungate, Managing Director, Reuters Asia, said: âReuters has established itself as the leading global electronic broker for Spot FX in emerging markets. The addition of the Thai Baht follows strong growth and interest in Thailandâs economy.â
Reuters Dealing 3000, the premium FX & money markets trading system, is used by nearly 18,000 FX and money market professionals across 4,000 organizations to trade FX spot, forwards, options, futures, in addition to interest rate and overnight index swaps and commodities such as bullion.