Thomson Reuters Adds EBS to its Post-Trade Network

Thomson Reuters has
added EBS to its post-trade network, Thomson Reuters Trade Notification (TRTN),
which will enable EBS to offer complete straight through processing to its
clients.

“In addition to the existing EBS post trade capabilities, we selected
Thomson Reuters Trade Notification for its unrivalled global distribution
footprint and to enable our clients to seamlessly integrate EBS Direct for
STP” says Seamus O’Sullivan, global head of FX forwards at EBS Direct.

Thomson Reuters says that network connections and volumes on TRTN continue to
rise with the number of FX market participants publishing and receiving trade
notifications on TRTN in 2016 doubling year-on-year. The firms also claims says
that TRTN has also seen an increase in message volume of 80% in 2016

“For trade notification it makes complete sense from the perspective of
efficiency and growth to create an open, market-wide system that can serve and
connect the entire FX market,” says Alex Walker, head of post-trade at
Thomson Reuters. “Thomson Reuters is committed to partnering agnostically
across the industry to offer a real time, scalable, market-wide network that
can service a volatile industry. We are delighted that EBS is unlocking new
business in growing markets by joining the growing list of publishers and
receivers on TRTN.”

Designed to serve the full spectrum of global FX market participants, TRTN
provides a single point for liquidity providers to connect with counterparties
around the world in a venue-agnostic manner.

Broker networks, bank
platforms, ECNs and FX venues globally can automatically publish on the
network. Thomson Reuters says that clients of these firms can then receive all
their post-trade messages through one channel, securely in real-time and in a
choice of industry-standard message formats.

galen@profit-loss.com 

@Galen_Stops

@Profit_and_Loss

Colin Lambert

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