Activity in Asia reaches new highs in 2019 driven by growing buy-side adoption - trading volumes from asset managers are up over 30% so far in 2019
HONG KONG/SINGAPORE – After a record year in 2018, during which Refinitiv was named “Best FX Technology Provider” and “Best G10 FX Trading Platform” at the FX Week Asia Awards, activity on the company’s foreign exchange platforms has reached new highs in 2019.
Regional market participants across the buy-side and sell-side benefit from Refinitiv’s comprehensive offering, from dealer-to-client trading on FXall, to interdealer trading on Matching.
As buy-side participants seek to achieve greater operational efficiencies in their trading workflow, and as they focus on achieving best execution by executing trades in competition, trading volumes continue to shift from bilateral voice trading over to electronic multi-dealer platforms like FXall.
“We are committed to further adapting our buy-side trading workflow on FXall to the needs of local investors” said Jonathan Woodward, Regional Head of Transactions Sales at Refinitiv, noting that trading volumes from asset managers are up over 30% so far in 2019. “We have also had success across various large Asian corporations” adds Woodward, citing a 24% increase in volumes from corporates over the same time period.
Refinitiv’s FX solutions also power the regional inter-dealer market, through Matching, one of the historical primary markets for FX, and Electronic Trading, the company’s pricing engine for liquidity providers. “We continue to work closely with regional central banks and liquidity providers in order to promote the development of local primary markets, increase electronic liquidity, and create more transparency,” he added.
Electronic Trading (known as ET) helps banks automate their pricing, distribution and hedging processes, while allowing them to service more customers with enhanced efficiency.
For further information on Refinitiv’s FX solutions, visit here.
As the leading multi-dealer FX trading platform, FXall offers clients access to deep liquidity with choice in execution, end-to-end workflow management and straight-through processing – covering the entire trade lifecycle. FXall has a client base of over 2,300 clients and 200 leading FX banks and alternative market makers.
Refinitiv Matching is one of the leading anonymous electronic trade matching services available in the global FX marketplace, providing real-time executable prices for over 60 Spot currency pairs and 30 FX Swap currency pairs. Matching is available through the Refinitiv FXT platform, allowing access to the largest global pool of interbank professional traders. Matching is part of a comprehensive portfolio of analytical and trading solutions offered by Refinitiv that support all segments in the FX trading workflow. Forwards Matching is a segment of the Refinitiv MTF, regulated under MiFID II rules.
Director, Regional Communications, Asia Pacific, Refinitiv
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