Supporting the ongoing shift in the FX markets to trade more volume in FX swaps electronically, Refinitiv says it has launched the forwards Matching API solution, enabling automated access to the firm’s forwards Matching MTF venue, which currently trades well in excess of $300 billion daily. Noting the “strong market demand” to move to trade […]
Refinitiv has extended its reach in Africa by launching its Matching for FX platform in Ghana for trading of the Ghanaian Cedi (GHS). Dr. Ernest Addison, governor of the Bank of Ghana, expressed the importance of this key milestone to the Ghanaian financial market and the broader West African community, by noting, “Ensuring that we […]
Refinitiv has announced it will donate 100% of brokerage fees from global AUD turnover for three full trading days from 9am Tuesday 4 February to 9am Friday 7 February (AEST) to a range of accredited Australian charities to support the volunteer firefighters and communities impacted by the recent bushfires in that country. This turnover is inclusive […]
The podcast is back for 2020 and Colin Lambert and Galen Stops immediately try to dampen new year’s spirits with a look at what was a pretty poor 2019 for the FX platforms. On a more positive note, Lambert thinks that 2020 could be a breakout year for two services in the FX industry as […]
Is it time to really start to get worried about the primary FX venues? I have written before about the decline in volumes at these venues but one could be forgiven for thinking the decline is now becoming a little precipitate. Both Refinitiv and EBS reported their lowest spot ADV since they started reporting (so […]
I think it is fair to say that the London Stock Exchange Group was the dark horse in the chase to buy Refinitiv, after all, LSEG has a long and no-so-proud history when it comes to M&A – over the years it has been mentioned as a buyer of Icap, NEX Group and Deutsche Borse, […]
Refinitiv has migrated its spot and forward matching to a new primary data centre, Equinix Slough LD4, with Equinix New Jersey NY4 as the secondary centre. The firm says the enhancements significantly improve market data feed and round trip latency for clients while subsequently reducing complexity and cost in connecting to Spot Matching. Furthermore, it adds, […]
I noticed that an old favourite turned up in the news cycle last week – indeed I suspect it is moving into the market’s general psyche given more people are talking to me about it – and that is peer-to-peer matching, more specifically asset managers seeking to by-pass the banks because the latter are able […]
2018 was undoubtedly a transitional year for Refinitiv. In the first half of the year, the firm was finishing off big initiatives that were started in 2017 – although everything was all ready internally for the MiFID II deadline on January 3 there were subsequent client enhancement requests to work through, while Matching was re-platformed and moved into the Equinix LD4 data centre in London. Meanwhile, in the second half of the year, the focus shifted onto new initiatives: announcing plans to launch an analytics suite and making more algos available to clients on FXall. Of course, the obvious transition for the firm was being rebranded as Refinitiv from Thomson Reuters’ Financial & Risk (F&R) after a consortium led by private equity firm Blackstone agreed a deal to acquire 55% of the business.
Refinitiv is enhancing the WM/Reuters Thai Baht Spot FX Benchmarks with data sourced from Matching, the firm’s anonymous central limit order book. This has allowed the Thai baht (THB) and Thai baht offshore (TOF) benchmarks to become ‘trade’ currencies using the WM/Reuters Trade Methodology. This change was launched on 1 October 2018 and is available now, the firm says.
Previously, the THB/TOF benchmarks were calculated from indicative interbank quoted rates, provided by multiple financial institutions. Following analysis about the feasibility of introducing transactional data from the available FX trading platforms and a public consultation, Refinitiv says it found that the inclusion of data from Matching achieves the necessary requirements regarding sufficiency, quality and data hierarchy to evolve these benchmarks to become trade based.