Reuters Enhances MiFID II Compliance Offering for FX Derivatives Execution

Thomson Reuters has enhanced its MiFID II compliance offering for FX derivatives trading, adding into production system improvements to its Multilateral Trading Facility (MTF).

The new development ensures the users of its FXall and Forwards Matching solutions remain fully compliant with the ‎new MiFID II Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term requirements for FX derivatives, which will take effect in ‎January 2018. The company has further explained the true value of its new upgrade, which will be realized when clients will need to access robust Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term on its MTF. This should secure a seamless transition into the MiFID II regulatory environment relating to execution workflow, trading controls, post-trade ‎transparency and reporting.

Thomson Reuters has previously enabled MTF-support for FX forwards, swaps, NDFs and options trading on FXall as well as for swaps trading on Thomson Reuters Matching. The company released interfaces to both FXall and FX Trading that accommodate new data fields as well as improve post-trade STP feeds to assist customers with reporting and record-keeping requirements.

According to the company statement, Thomson Reuters‎ remains committed to sharing best practices and industry perspectives with customers as Europe readies itself for the implementation of MiFID II in less than three weeks.

According to Neill Penney, Global Head of Trading at Thomson Reuters: “We are extremely pleased to have reached the milestone of releasing the system enhancements into production to facilitate MiFID II compliance. In parallel, Thomson Reuters continues to work very closely with our customers and regulators to ensure a smooth transition into the new regulatory environment. As the implementation date approaches, we remain committed to continuing our approach of being a valued partner and advisor to our customers.”