Thomson Reuters today announced an addition of FX trading capabilities for corporate treasurers on its flagship desktop offering- Eikon. The company has integrated FXall QuickTrade, its request for stream service, to provide corporate treasury users trading smaller FX volumes with a single solution that combines news, data and market analysis with direct access to 140 Liquidity providers.
This move by Thomson Reuters comes only days after Eikon's rival was revealed as implementing a similar offering. Last Tuesday, ICAP’s EBS BrokerTec announced it is adding FX trading capabilities onto its corporate treasurers solution, MyTreasury, which will be branded “EBS Treasury.”
Eikon combines economic news, commentary from FX Buzz, and market data including FX pricing from over 2,000 contributing sources in 175 currencies. The new integrated offering from Thomson Reuters enables corporate treasurers to simplify their operation. Trades executed in Eikon can automatically flow through to FXall settlement center, enabling treasurers to streamline the confirmation process with their liquidity providers.
“Many corporate treasurers have light FX trading needs but still need access to liquidity on a regular basis. We recognize how much easier it is for these customers to be able to access everything they need from within one application,” said Neill Penney, head of foreign exchange workflow at Thomson Reuters. “The integration of FXall QuickTrade functionality into Eikon is a milestone in Thomson Reuters strategy to bring together all of its FX assets onto one platform. By combining the intelligence and Analytics of Thomson Reuters Eikon with the market liquidity of FXall QuickTrade, we are simplifying how our customers can engage with the FX market.”
