Thomson Reuters to Launch China Interbank FX Rates via Eikon

Thomson Reuters will provide real-time interbank foreign exchange (FX) data for the onshore and offshore renminbi (RMB) market through the Eikon financial markets desktop.

Thomson Reuters Eikon, the company’s flagship financial markets desktop, will provide investors with integrated real-time FX data from the China Foreign Exchange Trade System (CFETS), the official interbank trading and FX division of China’s central bank.

Starting this month, Eikon will offer investors information on the RMB FX market with simple access to real-time tick-by -tick prices, trade volume data as well as market contributor content from CFETS. Currency traders, analysts and institutional investors will be offered the ability to make timely trading and investment decisions with an up-to-the second understanding of RMB exchange rate movements, according to the release.

The new service will cover RMB FX spot, forward and swap prices, historical trade volumes, as well as foreign currency pairs data through a Thomson Reuters Eikon interface customized to a user’s workflow. In addition, financial professionals can use the same platform to connect to global counterparties and liquidity in addition to accessing Thomson Reuters global FX community – one of the largest and most active in China. More than 2,000 FX professionals in China currently use Thomson Reuters FX multi-media forum for online live chat and real-time market news.

“The provision of the China’s real-time interbank FX data is another in a series of enhancements for Thomson Reuters Eikon users and demonstrates our commitment to bringing clients a comprehensive and intuitive interface to information on the China market,” stated Massimo Di Gregorio, managing director, Thomson Reuters China in today’s release. “At a time when the RMB is rapidly becoming one of the major international currencies, our partnership with CFETS can bring significant competitive advantages to our clients.”

RMB FX trading conditions in China continue to be resilient against a background of strong economic growth, said Thomson Reuters.The continued strong domestic demand and a mild global economic upturn means that China’s economy is expected to grow 8.4% in 2013, according to the World Bank. This growth is expected to further strengthen China’s already growing FX market.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio