Thomson Reuters Links Up with Moscow Exchange, Enabling Best Execution

Thomson Reuters’ client base has gained access to an even greater liquidity pool, and will now be able to tap into the Moscow Exchange. More specifically, the cooperation between the two venues will result in an upgraded functionality that will enable Thomson Reuters’ clients to aggregate quotes of the Moscow Exchange FX Market through Thomson Reuters’ FX Trading platform.

The accord represents a win for both parties – for Moscow Exchange (MOEX), the group will help broaden its sales channels, allowing for the access of thousands of market participants and institutional investors. Thomson Reuters’ clients will have access to best execution in the RUB.

Thomson Reuters’ venues previously lacked many options for best execution of RUB trading, a minor blind spot for the group. This channel is seemingly shored up however by linking up with MOEX, which will provide streamlined access to USD/RUB liquidity and its broader exchange capabilities.

Igor Marich, Managing Director for FX and Money Markets at MOEX, commented on the partnership: “The cooperation with Thomson Reuters has extended the opportunities of our sales channels.”

“Now participants of foreign exchange market, banks and such financial institutions as institutional investors, funds and corporations involved in FX operations with Russian rouble, will have a deep and uninterrupted access to USD/RUB liquidity from Moscow Exchange,” he explained.

Indeed, the newly enabled functionality will cater to Thomson Reuters’ growing client base and users, who will garner improved execution and visibility of quotes. This entails MOEX, Thomson Reuters Matching, Orderbook and counterparty banks’ liquidity on one desktop with the ability to trade optimized prices.

Moreover, Raiffeisen Bank, a project partner, will be providing Thomson Reuters clients with technical and legal access to MOEX’s liquidity. “This joint solution by Thomson Reuters, Moscow Exchange and Raiffeisenbank will help the trading community to gain access to MOEX liquidity pool via FX Trading platform, which being aggregated with Thomson Reuters venues will allow achieve best execution in Rouble,” added Piotr Marczewski, Managing Director at Thomson Reuters Russia/CIS.

“We are pleased to provide new opportunities, technologies and expertise to help our customers and partners find answers to the most crucial questions they face every day in their business lives,” Mr. Marczewski reiterated.

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