SME Treasurers Want Forex Trading Tools, Too

Treasury management firms are strengthening their abilities to support foreign exchange capabilities these days. Last week, EBS BrokerTec announced a merger with ICAP’s MyTreasury to create EBS Treasury, which includes EBS’s existing forex services.

On Monday (Aug. 3), Thomson Reuters revealed a similar path for its corporate treasury arm, this time in a new tool designed just for small- and medium-sized businesses.

In an announcement, the firm revealed new foreign exchange trading support for its Thomson Reuters Eikon business finance management platform. To do so, Thomson Reuters said, it has integrated its FXall QuickTrade service “to provide corporate treasury customers trading smaller FX volumes with a complete solution that combines news, data and market analysis with direct access to 140 FXall liquidity providers,” the company said in its announcement.

The new capabilities mean corporate treasury managers can access a steady stream of pricing automation through the Eikon platform. Trades done through the service can be linked to the FXall Settlement Center, providing an even more efficient workflow.

“Many corporate treasurers have light FX trading needs but still need access to liquidity on a regular basis,” said Thomson Reuters’ Neill Penney, who leads the company’s foreign exchange workflow. “We recognize how much easier it is for these customers to be able to access everything they need from within one application.”

Penney added that the integration of Call QuickTrade is a “milestone” for Thomson Reuters’ corporate treasury management services. “By combining the intelligence and analytics of Thomson Reuters Eikon with the market liquidity of FXall QuickTrade, we are simplifying how our customers engage with the FX market,” he said.

The platform offers foreign exchange news and expert commentary on top of market data and pricing information, all through thousands of sources, covering 175 currencies, the company said. Corporate treasurers will also have a link to the 140 FXall liquidity providers, all on a single platform.

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