19 October 2017

Vietcombank selects Thomson Reuters Electronic Trading

27 September 2017  |  1908 views  |  0 Source: Thomson Reuters

Vietcombank announced today it has selected Thomson Reuters Electronic Trading (ET) to power its business in Vietnam and strengthen its presence in both the local and international foreign exchange markets.

Foreign exchange trading has significantly increased in Asia, with 21% growth since 2013* - South East Asia in particular is a large part of the FX growth engine in Asia. In today’s evolving FX markets, banks need flexible trading solutions that provide control over electronic pricing, distribution and hedging to meet the changing demands of their client base and improve efficiency.

With Thomson Reuters Electronic Trading, over 200 banks across 80 countries globally are already benefiting from a next-generation e-commerce trading platform. Accessible via Thomson Reuters innovative FX desktop application, FX Trading, Electronic Trading offers a powerful suite of e-commerce products to shape, configure and automate FX prices to customers while streamlining risk management.

Mrs. Nguyen Thi Kim Oanh, Deputy CEO of Vietcombank, said, “As the leading financial institution in Vietnam in FX and money market transactions, Vietcombank is one of the first financial institutions in Vietnam to select Conversational Dealing within Thomson Reuters FXT and Electronic Trading platforms for our interbank dealing with both domestic and international counterparties. We believe this fruitful partnership will continue in the future, as we achieve our target of joining the ranks of the top global 300 leading financial institutions.”

Sanjeev Chatrath, Managing Director, Financial and Risk, Asia Pacific at Thomson Reuters said, “As the leading provider of trading and analysis platforms for foreign exchange markets, we are proud to strengthen our partnership with Vietcombank through its decision to select Thomson Reuters Electronic Trading. Thomson Reuters has been present in Vietnam since 1992 and the country has become one of the fastest growing in Southeast Asia, rapidly developing into an important Asian financial centre. Through Thomson Reuters ET, Vietcombank will have access to an efficient and digitized FX trading platform to drive the on-going growth of its foreign exchange business.”

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlRegister now

Who is commenting?

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15851 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8975 views comments | 16 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8081 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7162 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6302 views comments | 6 tweets | 3 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job