Thomson Reuters market-leading technology enables HAI Cloud Exchange to provide FX trading solutions with more liquidity, security and user-friendliness
Haier Finacial Holdings’ subsidiary, HAI Cloud Exchange (HK) Limited, today announced a strategic collaboration with Thomson Reuters. Thomson Reuters will provide HAI Cloud Exchange with a broad suite of FX trading and platform solutions, including Thomson Reuters Elektron Real Time (ERT), Enterprise Platform (TREP), and FXall on Electronic Trading.
HAI Cloud Exchange has initiated a 24 hour price streaming on Thomson Reuters platform FXall since 2016, the new collaboration will provide an advanced, secure, and effective trading platform that enables HAI Cloud Exchange to provide clients with FX products faster and easier.
As financial institutions and corporates continue to be impacted by developments and challenges surrounding FinTech and the internationalization of RMB, it is vital for corporates to implement FX solutions that have 24 hour access to pricing information while meeting rigorous control and compliance demands.
Thomson Reuters systematic solutions deliver the most liquid, efficient and transparent foreign exchange venue possible for HAI Cloud Exchange. Specifically, the ERT constantly delivers stable, effective and real-time data to its local trading system. In addition, this strategic collaboration will help HAI Cloud Exchange optimize its risk management and compliance processes.
Thomson Reuters FXall provides HAI Cloud Exchange with a unique edge, with desktop access to everything it needs to make the best trades. Thomson Reuter FXall includes flexible execution tools, end-to-end workflows and straight-through processing tools. Users can get streaming prices for multiple currency pairs, with minimum latency.
Steven Wang, Head of Corporate, Thomson Reuters China, said, “It is a great pleasure to collaborate with HAI Cloud Exchange. This strategic collaboration shows HAI Could Exchange and Haier Financial Holdings’ recognition of our financial services. As the leading platform provider for offshore electronic CNH trading, Thomson Reuters sits at the junction of currencies, commerce and regulation globally. In today’s highly fragmented and increasingly scrutinized FX market, Thomson Reuters offers FX solutions that improve transparency, manage trading risks and promote execution efficiency. We hope to work closely with HAI Cloud Exchange and jointly empower the financial community.”
GUO Xin, Digital Marketing Director of HAI Cloud Exchange said, “We are delighted to start this strategic collaboration with Thomson Reuters. As a member of Haier Financial Holdings, HAI Cloud Exchange, has been providing FX trading and exchange rate risk management for Haier subs and its ecosystem stakeholders. With the support of Thomson Reuters FX solutions, HAI Cloud Exchange will become the first non-banking Chinese company to initiate 24 hour real-time RMB transaction to better meet customer’s demand for rate and foreign exchange management, and accelerate the development of oversea business. ”
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges.
HAI Cloud Exchange is a member of Haier Financial Holdings, which aims to provide FX and financial risk management services for Haier subs and its ecosystem stakeholders. In 2016, HAI Cloud Exchange was established in Hong Kong to realize the strategic goal of externalization and Internationalization of foreign exchange services. As China's leading linking and translating platform for financial products, The vision and commission of HAI Cloud Exchange is "to make financial products trading more simple and interesting". Currently, HAI Cloud Exchange provides a wide range of foreign exchange and financial risk management services, and its business includes currency exchange, payment, financial derivatives sales and trading, financial product development and trade finance business.
Haier Group (Qingdao) Financial Holdings is one of the pillar industries of Haier Group's strategic transformation to open entrepreneurship platform. Haier Financial Holdings owns 16 financial institutions, 31 incorporated companies and over 70 financial business licenses. It is positioned with industry ecology of sharing finance, relied on Haier’s abundant resources that are committed to creating a platform for a borderless ecological sharing finance which can apply to and construct industrial ecosystem while provide financial solutions to ecosystem stakeholders. Haier Financial Holdings is committed to fulfilling win-win results and exploring the form of ‘integration of industry and finance’ with the concept of connection, reconstruction, co-creation and sharing.