Thomson Reuters Launches FX Monitor for its Eikon Messenger

Thomson Reuters (NYSE:TRI) has once again introduced a series of changes to its Eikon Messenger platform in the form of 'FX Monitor', which helps strengthen utility and flexibility for corporate users, according to a Thomson Reuters statement.

The Eikon solution is one of Thomson Reuters’ flagship products, helping to aggregate and process real-time and historical data, which collectively enable transactions and Connectivity Connectivity Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collectio Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collectio Read this Term within the financial markets community.

The FX Monitor gives corporate treasurers a larger degree of control via broader access to the financial services community, in conjunction with news and analysis from the Thomson Reuters portal.

In particular, FX traders and corporate users have series of needs regarding information and pricing data in order to effectively manage their respective cash flows. Despite the fact that many non-financial corporate users do not engage in the same activities as FX traders per se, the need for comprehensive time sensitive information is largely congruent.

Subsequently, through FX Monitor, corporate treasurers will now be able to access their bank counterparties, whilst creating bank sales desk groups and distributing communications to banks. This also includes the coalescence of The Dealing Room, which is a global chatroom specifically geared to FX that features direct access to Thomson Reuters analysts and editors.

According to Yvette Jackson, Global Head of Collaboration Services at Thomson Reuters in a recent statement on the launch: "FX Monitor in Eikon Messenger provides corporate treasurers with a communications platform together with industry-leading FX analysis to help efficiently manage their currency and cash management operations and their relationships with external financial partners."

"This is another example of our ongoing commitment to provide advanced technology and UX design to improve workflow and flexibility for all industry professionals, whilst supporting users' efforts to meet security and Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term requirements," Jackson added.

Last week, the Eikon Desktop underwent an upgrade to address a broader commodities focus with its Commodity Trade Flows. The new improvements aimed to provide analysis of the global movement and delivery of cargoes, giving commodity analysts a more insightful look into the supply and demand dynamics of key commodities and their consequent price movements.

Though commodities supply chain data is already widely available from a variety of sources, the logistical difficulty of navigating through myriad data points necessitate such utility that simplifies large swaths or data for users.