Thomson Reuters Enhances Liquidity Access for FX Market Participants with New Regional Data Centers
Additional data centers in New York, London and Tokyo provide improved pricing, market access and workflow for FX market participants across the globe
Recognizing the need for FX traders to have efficient access to the best pricing capabilities and market liquidity, Thomson Reuters has established three new data centers to provide FX market participants with improved local connections to its FX liquidity venues. The new data centers are located in New York (NY4), London (LD4), and Tokyo (TY3).
Thomson Reuters now offers FX clients a choice of connections that are customizable based on their specific trading volumes and needs. Clients can connect locally for access to all Thomson Reuters global FX transaction venues and ultra-low latency connections which improves access to liquidity regardless of their location. As part of the move, Thomson Reuters has also expanded its continuous streaming price service to London and Tokyo so that liquidity providers based in Europe and Asia can improve latency for streaming real-time prices to their local clients.
“We welcome this move by Thomson Reuters to introduce regional data centre connectivity to its platforms,” said Liam Hudson, global head of FX eCommerce, Bank of America Merrill Lynch. “Reduced latency access to streaming prices will improve price discovery for the market overall.”
“Having the best possible access to liquidity is critical in a market where evolving regulations and market structure changes are impacting the FX industry’s ability to trade,” said Phil Weisberg, global head of FRC Trading at Thomson Reuters. “By providing our customers with local options as to how they connect to market liquidity, Thomson Reuters is able to further improve their latency, pricing options and workflow while ensuring business continuity within a robust connectivity network.”
Thomson Reuters FX transaction venues facilitate trading across all major currencies and its customer footprint covers over 120 countries. Over 20,000 traders from asset managers, banks, corporate treasurers and hedge funds use Thomson Reuters award-winning transactions platforms to trade over $350 billion in average daily FX volumes.
Source: Thomson Reuters
