Thomson Reuters Launches On-Shore Thai Baht Matching Service Bank of Thailand governor addresses economic outlook at community event in Bangkok

London, Bangkok - Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, has announced the launch of the on-shore Thai Baht (THB) forwards trading service on Thomson Reuters Matching, which is set to generate more trading opportunities among financial institutions in Thailand.  

Nigel Fuller, Sales Director Asia, Treasury Transaction Services, at Thomson Reuters, said: "Thomson Reuters has long supported the global FX forwards market on our matching transaction platform and the same platform has been successful in attracting strong liquidity in spot Thai Baht. The decision for us to introduce an onshore THB forwards trading service was an obvious next step for us and we have been very much encouraged by the take-up by banks in Thailand. We look forward to continuing to provide an efficient Thai Baht marketplace for our clients there."

As the most-actively-traded asset class in the world, foreign exchange continues to generate significant interest from the global trading community and in January 2012 Thomson Reuters reported average global daily FX spot volumes in excess of US$127 billion over its foreign exchange trading platforms. In 2006, Thomson Reuters became the first company to introduce electronic trading of the Thai Baht (THB) against the US dollar through its electronic matching service.

The launch of the on-shore THB matching service also coincided with the Thomson Reuters FX Community Forum event, which was held at the Siam Kempinski Hotel in Bangkok yesterday. Bank of Thailand Governor Dr. Prasarn Trairatvorakul addressed an audience of distinguished financial professionals on the outlook for Thailand at a time of global economic uncertainty

Also at the community event, Thomson Reuters announced the winners of its third annual FX Awards for Thailand's financial community. The purpose of the awards is to promote transparency and liquidity in the Thai foreign exchange market and to recognize its importance to the broader Thai economy. The Thai FX Award winners were determined based on trading volumes and pricing contributions on Thomson Reuters electronic FX trading platforms.

The winners for Thomson Reuters FX Trading Awards for Thailand were as follows:

  1. Best USD/THB Liquidity Provider (from Dealing Spot Matching)   

    Winner:               Bangkok Bank PCL 
    1st Runner Up:      Standard Chartered Bank (Thai) PCL
    2nd Runner Up      KASIKORNBANK PCL

  2. Best Foreign Currency Liquidity Provider (from Dealing Spot Matching)

    Winner:                JPMorgan Chase Bank, N.A.
    1st Runner Up:       The Bank of Tokyo-Mitsubishi UFJ, Ltd.
    2nd Runner Up:      Bangkok Bank PCL

  3. Best Foreign Currency Liquidity Provider (from RTFX)

    Winner:                Thanachart Bank PCL
    1st Runner Up:        KASIKORNBANK PCL
    2nd Runner Up:       United Overseas Bank (Thai) PCL

  4. Best FX & Interest Rates Contributor

    Winner:                Siam Commercial Bank PCL
    1st Runner Up:       Citibank, N.A.
    2nd Runner Up:      TMB Bank PCL

About Thomson Reuters in Thailand
Reuters has operated in Thailand for more than 100 years and now employs over 1,200 staff. Most of the company's businesses are represented in Thailand which includes specialists and experts in finance, legal, tax and accounting, healthcare as well as Reuters News and other media services. Thomson Reuters Research and Development Centre is a leader in the Thai software industry, and was the first company in Thailand to receive CMMI (Capability Maturity Model Integration) accreditation. Thomson Reuters Bangkok office serves as a critical hub for product development, quality control, business analytics and product support across global operations. Thomson Reuters has an active corporate social responsibility programme in Thailand and many employees have contributed time to community projects in schools throughout the country. After the 2004 tsunami, the Thomson Reuters Foundation made a significant donation to support relief for victims and their families.

About Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 55,000 people and operates in over 100 countries. For more information, go to thomsonreuters.com.

Thomas Lau
Public Relations Manager, Asia Pacific (Financial Services)
Thomson Reuters (

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