Thomson Reuters’ Trade Notification Network Sees Uptick in Monthly Usage

Thomson Reuters (NYSE:TRI) has published an update on its trade notification service (TRTN), which broadcasts and receives notifications across its comprehensive foreign exchange (FX) business, according to a Thomson Reuters statement.

TRTN is open to market participants across all trading channels, as well as clearing and settlement. The platform lets users link up and connect to all counterparties that cover all major message formats across all asset classes, including FX, commodities, spots, and derivatives, fixed income, futures, and Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term. TRTN also allows banks and brokers to automatically publish and receive notifications executed on broker networks, bank platforms, ECNs, and worldwide FX venues.

During February 2016, trade notification network (Thomson Reuters Trade Notification) saw a growth of 50.0% YoY from February 2015 in its overall trade notification volume from FX market participants. The groundswell in overall notifications can be attributed to increased demand for transparency as many market participants have opted for automated trade notification and straight through processing (STP).

In addition, TRTN has also seen growth in its message volume, jumping 20.0% YoY February 2016 from the year prior. According to Alex Walker, Head of Post-Trade, Thomson Reuters, in a recent statement on the growth: “While Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term is putting the onus on market participants to ensure transparency throughout the trade life cycle, efficiency and cost benefits are also driving our clients to consolidate the systems they use.”

“For trade notification they are looking for a system that can serve the entire FX market, and we are committed to partnering agnostically across the industry to achieve that. With Thomson Reuters Trade Notification we have created one of the FX industry’s largest trade notification networks with over 100 publishers and more than 1000 receivers participating,” he added.

Earlier this month, Thomson Reuters reported its FX trading volumes for January 2016, which included volumes activity on its FXall and Thomson Reuters Matching platforms for FX spot, forwards, swaps options and non-deliverable forwards (NDF) products. During January, total average daily volumes (ADV) of FX products came in at $377 billion, while $123 billion was FX spot volume compared to $254 billion for other products.