Reuters Adds Thai Baht to Dealing 3000 Spot Matching
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BANGKOK, Thailand, Feb. 9 /Xinhua-PRNewswire/ -- Reuters (NASDAQ:RTRSY), the global information company, today became the first company to introduce the electronic trading of the Thai Baht (THB) against the US dollar, through its premier electronic matching service, Reuters Dealing 3000 Spot Matching.
Banks globally are able to trade the new currency pair, USD/THB on a spot basis, adding to the existing Reuters electronic matching service which now provides liquidity to 43 countries, covering 26 currency pairs listing 43 instruments.
In addition, the company also launched Reuters Dealing 3000 Spot Matching service, the premier fully electronic broking system, in Thailand. This move will enable banks in Thailand to trade global currency pairs in Spot FX, including the US Dollar, Euro, Japanese Yen, Sterling, amongst others.
Major banks in Thailand have signed agreements to use Reuters Dealing 3000 spot matching service.
Nicholas Ohlin, Director of Treasury Broking services, Reuters Asia, said: "Reuters is determined to offer our customers access to the widest possible range of currencies and liquidity. Reuters is considered to be the pre- eminent electronic platform for emerging markets and the addition of THB can only add to this reputation".
Alexander Hungate, Managing Director, Reuters Asia, said: "Reuters has established itself as the leading global electronic broker for Spot FX in emerging markets. The addition of the Thai Baht follows strong growth and interest in Thailand's economy."
Reuters Dealing 3000, the premium FX & money markets trading system, is used by nearly 18,000 FX and money market professionals across 4,000 organizations to trade FX spot, forwards, options, futures, in addition to interest rate and overnight index swaps and commodities such as bullion.
About Reuters
Reuters ( www.about.reuters.com ), the global information company, provides indispensable information tailored for professionals in the financial services, media and corporate markets. Its trusted information drives decision making across the globe based on a reputation for speed, accuracy and independence. Reuters has 15,300 staff in 91 countries, including staff from the acquisition of Moneyline Telerate in June 2005. It also includes 2,300 editorial staff in 196 bureaux serving 129 countries, making Reuters the world's largest international multimedia news agency. In 2004 Reuters Group revenues, including those of Instinet Group, were GBP2.9 billion. From July 2005, Instinet Group is being treated as a discontinued operation in the profit and loss account.
Reuters and the sphere logo are the trade-marks of the Reuters group of companies.
Contacts:
Liam Hwee Tay
Head of Corporate Communications
Reuters Asia
Tel: +65-6870-3028, +65-9819-3895
Email: liam.tay@reuters.com
Yvonne Diaz
PR Director
Reuters
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Email: Yvonne.diaz@reuters.com
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