23.05.2006 10:07:00
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New Major FX Banks Join Reuters Trading for Foreign Exchange
Reuters Trading for Foreign Exchange (RTFX) allows banks and theircustomers to trade foreign exchange from their Reuters desktop. Thelaunch by this latest round of price makers brings banks, corporateand other financial participants around the world the ability toquickly and securely execute spot and forward FX and manage post tradeprocessing through a single sign-on, utilising Reuters unrivalledglobal desktop footprint in the FX marketplace.
Seamus O'Sullivan, Global Head of Sales for RTFX at Reuters,commented: "With Deutsche Bank, HSBC, Societe Generale and Dexia onthe service, RTFX now has the liquidity and support from some of thebiggest names in FX. Our focus is to continue to grow the liquidityand number of transactions on RTFX to ensure that we add value andmake this a leading foreign exchange transaction service."
RTFX builds on the Reuters established foreign exchange position,helping banks to reduce costs and expand the reach of their prices.RTFX has the support of 21 price makers and over 500 price takers fromaround the world.
Reuters Trading for Foreign Exchange has the backing of a numberof the industry's key players and comments from today's new pricemakers include:
Vikas Srivastava, Citigroup Global Head of Fixed Income Ecommerce,said: "We are delighted to add RTFX to our client offerings and lookforward to leveraging the global footprint of Reuters desktop todistribute our liquidity to clients."
Alan Clarke, Global Head of e-FX at HSBC, commented: "ConnectingHSBC's pricing engine to RTFX allows us to trade with an increasingnumber of client relationships. With our global currency coverage itis now possible to trade in 84 supported currencies with HSBC onRTFX".
Reine Dossou, Head of e-business Europe at Societe GeneraleCorporate and Investment Banking, commented: "RTFX may be a verycomplementary e-trading platform for SG which should allow us tooptimize our presence among RTFX's clients.
RTFX will be showcased at the ACI World Congress opening in Manilaon 25 May this week.
Note to Editors:
Reuters (www.reuters.com), the global information company,provides indispensable information tailored for professionals in thefinancial services, media and corporate markets. Its trustedinformation drives decision making across the globe based on areputation for speed, accuracy and independence. At the end of 2005,Reuters had 15,300 staff in 89 countries. This includes 2,300editorial staff in 189 bureaux serving 128 countries, making Reutersthe world's largest international multimedia news agency. In 2005,Reuters revenues were GBP 2.4 billion.
Reuters and the sphere logo are the trade-marks of the Reutersgroup of companies.
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