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| BOT Deputy Governor Presents Honours at Thomson Reuters FX Trading Awards |
London, Bangkok, Mar 28, 2013 - (ACN Newswire) - Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, announced the winners of its fourth annual Thomson Reuters FX Trading Awards for Thailand's financial community. The annual Thomson Reuters FX Community Forum took place in Bangkok yesterday and was officiated by the Bank of Thailand's deputy governor, Mrs Pongpen Ruengvirayudh.
At the Thomson Reuters FX Community Forum event, Bank of Thailand deputy governor Mrs. Pongpen Ruengvirayudh addressed an audience of distinguished financial professionals on the challenges brought by "the great rotation" - the flow of funds from bonds to equities - as the markets have responded to the improved confidence in the global economy this year.
Foreign exchange trading conditions in Thailand continue to be positive against the backdrop of stable economic growth, according to Thomson Reuters data. Thailand's economy has rebounded successfully since the devastating floods in 2011 and this year the country's economy is expected to grow 5%, according to the World Bank, further strengthening its already growing FX market.
Thomson Reuters has a long history in Thailand and in 2006 became the first organisation to introduce electronic trading of the Thai Baht (THB) against the US dollar through its electronic Matching service. Last year the company launched Matching for Thai Baht (THB) onshore swaps, which has provided additional trading opportunities for financial institutions based in Thailand.
"Thomson Reuters commitment to deliver an improved and diversified line of solutions and services across the FX markets is long supported by market participants in Thailand," said Nigel Fuller, sales director Asia, treasury transaction services at Thomson Reuters. "Our recent acquisition of FXall nicely complements our existing Thai Baht Matching business and we are supporting the FX market in Thailand like never before."
Thomson Reuters acquisition of FXall, the leading multi-bank electronic foreign exchange platform, in August 2012 positions the company to deliver the most innovative FX services available across the entire spectrum of price discovery, execution and post-trade services.
Foreign exchange is the world's most-actively-traded asset class and continues to generate significant interest from the global trading community. In February 2013, Thomson Reuters reported average global daily FX spot volumes in excess of US$137 billion over its foreign exchange trading platforms, while FXall trading volumes reached US$110 billion.
Thomson Reuters annual FX Awards for Thailand aims to promote transparency and liquidity in the Thai foreign exchange market and to recognize its importance to the broader Thai economy. The Thai FX Award winners were determined based on trading volumes and pricing contributions on Thomson Reuters electronic FX trading platforms.
"The awards are given not only for outstanding business achievements, but also to recognise the notable efforts made in enhancing the market's efficiency," said Pongpen Ruengvirayudh, deputy governor, Bank of Thailand.
The winners for Thomson Reuters FX Trading Awards for Thailand are as follows:
1. Best USD/THB Liquidity Provider (from Dealing Spot Matching)
Winner: Bangkok Bank PCL
1st Runner Up: The Hong Kong & Shanghai Banking Corporation Limited
2nd Runner Up: KASIKORNBANK PCL
2. Best Foreign Currency Liquidity Provider (from Dealing Spot Matching)
Winner: The Bank of Tokyo-Mitsubishi UFJ, Ltd.
1st Runner Up: JPMorgan Chase Bank, Bangkok Branch
2nd Runner Up: Bangkok Bank PCL
3. Best Foreign Currency Liquidity Provider (from RTFX)
Winner: Thanachart Bank PCL
1st Runner Up: KASIKORNBANK PCL
2nd Runner Up: Krung Thai Bank PCL
4. Best THB FX Contributor
Winner: BNP Paribas, Bangkok Branch
1st Runner Up: The Hong Kong & Shanghai Banking Corporation Limited
2nd Runner Up: Citibank, N.A.
5. Best THB Interest Rates Contributor
Winner: TMB Bank PCL
1st Runner Up: Citibank, N.A.
2st Runner Up: Siam Commercial Bank PCL
About Thomson Reuters in Thailand
Thomson Reuters has operated in Thailand for more than 100 years and now employs over 1,200 staff. Most of the company's businesses are represented in Thailand which includes specialists and experts in finance, legal, tax and accounting as well as Reuters News and other media services. Thomson Reuters Research and Development Centre is a leader in the Thai software industry, and was the first company in Thailand to receive CMMI (Capability Maturity Model Integration) accreditation. Thomson Reuters Bangkok office serves as a critical hub for product development, quality control, business analytics and product support across global operations. Thomson Reuters has an active corporate social responsibility programme in Thailand and many employees have contributed time to community projects in schools throughout the country. After the 2004 tsunami, the Thomson Reuters Foundation made a significant donation to support relief for victims and their families.
About Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs approximately 60,000 people and operates in over 100 countries. For more information, go to www.thomsonreuters.com .
CONTACTS
Alan Duerden
Public Relations Director, GRC & Marketplaces
+44 (0) 207 542 0561
alan.duerden@thomsonreuters.com
Eunice Lam
PR Manager, Asia Pacific
+852 2843 6939
eunice.lam@thomsonreuters.com
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Thomson Reuters Corporation via Thomson Reuters ONE
Topic: Awards
Source: Thomson Reuters
Sectors: Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
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