Keeping in touch with the rapidly changing and time-sensitive foreign exchange markets can pose significant challenges for corporate treasurers as they manage their ongoing cash management needs.
In response to this, and to better serve its growing community of corporate users, Thomson Reuters has launched FX Monitor in Eikon Messenger.
Treasury departments at most major corporations are spread across multiple locations and time zones, as are their banking and financial intermediaries. While most non-financial corporates are not regular or high-volume FX traders, they still require quick access to real-time currency pricing data and market news to effectively manage their cash flow on both a regional and global level. This gives corporate treasurers unique requirements which the launch of FX Monitor in Eikon Messenger helps satisfy.
FX Monitor brings together a range of related services for corporate treasurers within Eikon Messenger. Corporate treasurers can access their bank counterparties, create bank sales desk groups, and distribute communications to banks. They also have access to The Dealing Room, a global chatroom dedicated to FX that features direct access to Thomson Reuters analysts and editors for insights on individual currencies and the macroeconomic outlook. The Dealing Room provides users with key technical levels and charts, as well as market headlines and regular market chatter from the global team of FX Buzz analysts and editors.
In addition to these services, Eikon Messenger’s Bilateral Chat function allows entire corporate treasury departments to connect and communicate with their corporate counterparties in a single location offering industry leading chat controls and other compliance features. This helps enhance treasury departments’ communication and workflow, both internally and with external partners.
“FX Monitor in Eikon Messenger provides corporate treasurers with a communications platform together with industry-leading FX analysis to help efficiently manage their currency and cash management operations and their relationships with external financial partners,” said Yvette Jackson, global head of collaboration services, Thomson Reuters. “This is another example of our ongoing commitment to provide advanced technology and UX design to improve workflow and flexibility for all industry professionals, whilst supporting users’ efforts to meet security and compliance requirements.”
The Eikon Messenger community has grown significantly within top global indices, with some corporates relying on Eikon Messenger as their sole communications channel. In Europe, 90% of both DAX and OMXS corporates, 80% of CAC corporates, and 70% of U.K. FTSE corporates use Eikon Messenger.
Eikon Messenger has over 250,000 users across more than 170 countries and 24,000 firms. Users can also connect with hundreds of thousands of other contacts via Eikon Messenger’s interoperability with other messaging systems. Eikon Messenger is available both as part of Thomson Reuters Eikon and as a standalone, free-of-charge application, and accessible over all major mobile device types. Access to FX Monitor is included free as part of a user’s Eikon Messenger account.
FX Monitor in Eikon Messenger is one of many ways Thomson Reuters is helping streamline workflow and improve insight for corporate treasurers. The recent integration of FXall QuickTrade in Thomson Reuters Eikon provides corporate treasury customers trading smaller FX volumes with a solution that combines Eikon’s powerful analysis tools with direct access to 140 FXall liquidity providers.