Thomson Reuters | A Winning Combination For The FX Community

5 Sep 2012

A Winning Combination For The FX Community

FXall acquisition brings complementary strengths to foreign exchange customers across the Buy- and Sell-Side

Caption|REUTERS/Paul Yeung The completion of our acquisition of FXall, the leading multi-bank electronic foreign exchange platform, brings FXall’s trading and workflow processes into Thomson Reuters, and combines our two market leading companies in the foreign exchange marketplace with the aim of delivering the best solutions for the global FX community.

This transaction enables us to build a single innovative, premier FX provider that offers an integrated solution for trade discovery and analysis, execution and post trade services. By putting together our people, services and complementary assets, we can deliver the best of both companies to benefit our customers across the globe, leveraging our complementary customer bases and longstanding relationships with bank liquidity providers.

Thomson Reuters is a key provider of access to market liquidity and workflow solutions to the inter-bank electronic FX markets. Participants in the FX market use Thomson Reuters to access content and pre-trade analytics, connect to their counterparties, find liquidity and trade in regulatory compliant and secure environments.
FXall is the leading independent global provider of electronic foreign exchange trading solutions serving over 1,300 institutional clients, including asset managers, corporations, banks, broker-dealers and hedge funds, worldwide.

"Thomson Reuters and FXall have established leading positions in complementary aspects of electronic FX trading," says Abel Clark, managing director, Marketplaces at Thomson Reuters. "This combination will enable us to provide our customers with integrated management of trades though the entire lifecycle, delivering the benefits of a more streamlined trading process and more efficient execution."

"FXall will now have a bigger stage from which to drive greater innovation and growth, with access to Thomson Reuters global reach, standing in the FX community and focus on client solutions," said Phil Weisberg, chairman and chief executive officer, FXall, who will continue to lead the FXall business within Marketplaces in our Financial & Risk business. "The combined platform allows us to deliver greater value to our clients, building upon the foundation that we have established over the past twelve years."

This transaction brings together both organizations’ deep experience and relationships in Foreign Exchange (FX) into a single, powerful offering for the global foreign exchange community. We believe teaming our strong position in the sell-side community with FXall’s similar position with the buy-side is a winning proposition for the market, our customers and partners. We are building our community, people and services to deliver the most innovative FX services available across the entire spectrum of trade discovery, execution and post-trade services.