Reuters launches FX feed for buy-side; releases wealth management product

Reuters launches FX feed for buy-side; releases wealth management product

In an effort to meet buy-side demand for live currency trading data, Reuters has launched a new foreign exchange pricing service, called Reuters FX Spot View, over its 3000 Xtra premium desktop.

The new service delivers real-time information of the leading foreign exchange currency pairs derived from the inter-bank market via the Reuters Dealing 3000 Spot Matching service.

The feed offers transactional data across 15 major currency pairs and provides a range of metrics including last traded price, real-time derived bids and offers, top five highest and lowest trades and prices of the day, regional ranges, and hourly snapshots giving the last trade, bid and ask for each time point. The service will also include a 'key economic indicators' section which will provide releases on the day and in the week ahead including market expectations.

Mark Robson, global head of treasury and fixed income, Reuters, says: "The Reuters FX dataset in this release is the widest available, covering both major and Commonwealth currencies."

The FX feed is available free of charge to users of the 3000 Xtra desktop. Users of other Reuters products can purchase the feed as an add-on.

Separately, Reuters says two major European clients have agreed to migrate 2500 positions to its newly launched wealth management product.

Credit Suisse is moving 1800 positions from the vendor's Market Monitor product to Reuters Wealth Management (RWM)- a desktop system providing coverage of the equity, bond, money, funds and commodities markets, along with international and domestic coverage and world news.

The wealth management system delivers streaming data and news and will offer access to the Lipper Funds database of more than 90,000 funds tracked globally.

Julie Holland, global head of research and asset management at Reuters, says RWM uses Web technologies to deliver a browser-based, 'near-to-zero-download container': "This means quick and easy implementation with nominal impact on the client in terms of hardware and network configuration."

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