FX: Thomson Reuters Upgrades Matching System

Thomson Reuters said it has revamped the system of icons, images and links it uses on its electronic platform for currency transactions, to enable allow and deeper trading.

The upgrade will allow traders to “lock” customer and internal orders into its Matching program, search for prices at both the top of the book and in the depth of the book, and then track their completion, the financial information supplier said,

Customers can trade their own book individually, it said, while traders can monitor positions in as many as five instruments on screen at the same time. The Matching service will display both net and average position in those instruments.

A new application programming interface, based on the Financial Information Exchange Protocol and an existing Reuters Foundation interface, is replacing Autoquote, a legacy interface for getting automated quotes. Thomson Reuters in April announced it had declared Autoquote to be obsolete and would withdraw it by the end of October.

The greater depth of book in pricing will be available for Australian dollars, Canadian dollars U.S. dollars, euros, and British pounds.

“Thomson Reuters has continuously invested to improve its FX infrastructure and provide a robust and sophisticated technology platform for our customers,” said

Jas Singh, managing director of marketplaces at Thomson Reuters said the moves were part of a continuous improvement program. “

Thomson Reuters said 1,100 organizations subscribe to its Matching anonymous electronic trade matching system, which handles 54 spot currency pairs.