Upgrades enhance functionality, user experience and wider access to liquidity
Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced a number of significant enhancements to its FX Matching platform to bring increased capacity, scalability and performance to the FX community whilst providing customers with the additional functionality and services they need in the fast-changing FX market.
With over 1,100 subscriber organizations, Thomson Reuters Matching is the leading anonymous electronic trade matching system for the professional community offering unbiased access to real time executable prices on 54 spot currency pairs. Since 2010, when Thomson Reuters redeveloped its central Matching host infrastructure to support increasing trading volumes and new features, including lower latency, development has been ongoing to enhance the overall product suite. The results of the development were announced today, delivering enhanced usability, reduced total cost of ownership and greater access to liquidity for Thomson Reuters Matching users.
A new Graphical User Interface (GUI) improves the user experience for firms using Thomson Reuters Matching and provides additional capabilities that support the changing trading workflow. Traders are able to lock customer and internal orders into Matching and trade their own book individually whilst traders who cover more than one instrument can now monitor their net and average position in up to five instruments by displaying their net position and position average in those instruments. Click to Trade capability also enables faster trading for aggressors and the ability to trade both top of book and depth of book prices.
Based on industry standard FIX and Thomson Reuters RFA interfaces, Thomson Reuters Matching API (MAPI) will replace AutoQuote and deliver greater capacity and lower latency for users. The new MAPI will provide greater flexibility in deployment options for Thomson Reuters Matching, allow complete independence from the Matching key station, enabling users to more easily deploy, scale and support their Thomson Reuters Matching site infrastructure.
Thomson Reuters has also successfully enabled depth of book functionality for four currency pairs – aud/usd, eur/gbp, gbp/usd and usd/cad – giving traders greater visibility into perceived liquidity when making trading decisions.
“Thomson Reuters has continuously invested to improve its FX infrastructure and provide a robust and sophisticated technology platform for our customers,” said Jas Singh, managing director, Marketplaces, Thomson Reuters. “These upgrades to our Matching platform further underline our commitment to delivering leading technology solutions to the FX community and support our customer’s requirements in this fast-changing market environment.”