Thomson Reuters is to provide real-time interbank foreign exchange (FX) data for the onshore and offshore renminbi (RMB) market. Through its financial markets desktop, Thomson Reuters Eikon, investors can use integrated real-time FX data from the China Foreign Exchange Trade System (CFETS), the official interbank trading and FX division of China’s central bank.
As of this month, financial professionals can track the RMB FX market with simple access to real-time tick by tick prices, trade volume data and market contributor content from CFETS. This information offers currency traders, analysts and institutional investors the ability to make trading and investment decisions with an up-to-the second understanding of RMB exchange rate movements.
The service allows investors to receive RMB FX spot, forward and swap prices, historical trade volumes, as well as foreign currency pairs data through a Thomson Reuters Eikon interface customised to a user’s workflow. Financial professionals can also use the platform to connect to global counterparties and liquidity in addition to accessing Thomson Reuters global FX community.
“The provision of the China’s real-time interbank FX data is another in a series of enhancements for Thomson Reuters Eikon users and demonstrates our commitment to bringing clients a comprehensive and intuitive interface to information on the China market,” said Massimo Di Gregorio, managing director, Thomson Reuters China. “At a time when the RMB is rapidly becoming one of the major international currencies, our partnership with CFETS can bring significant competitive advantages to our clients.”
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