" ITREALMS: Thomson Reuters unveils technology for currency traders

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Sunday, April 06, 2014

Thomson Reuters unveils technology for currency traders

Foremost source of intelligent information for businesses and professionals, Thomson Reuters, has strengthened its presence in Africa by unveiling an African strategy and a new fully automated foreign exchange trade platform technology tagged TRFXT, reports ITRealms.

This strategic plans, ITRealms gathered is to offer enabling platform for Africa to actualise her huge potentials and bring to bear the Thomson Reuters global heritage across 100 countries and many decades of providing customers with platforms and technologies that give competitive edge in business, forex trading, governance, tax and accounting, financial and risk analysis, science and intellectual property markets.

Phil Weisberg, Global Head of Thomson Reuters Foreign Exchange, speaking to ITRealms in Lagos, said that Nigeria has become Africa’s undisputed financial powerhouse and has continued to attract massive global interest, thus making the country one of the most important markets for Thomson Reuters.

“Nigeria is a key frontier market in Africa with a huge potential for growth and technology platforms can aid the market to leap ahead and grow rapidly by creating and sustaining a transparent and robust system, guide regulators, increase efficiency and liquidity and generate electronic multilateral conversations among key financial players,” Weisberg said, stressing that Thomson Reuters is in the market to enable this and the African success story.

He further described the TRFXT platform as giving customers access to specialist data and the right suite of tools to manage trading risk, identify new opportunities and differentiate forex trading strategies.

“Our intelligent information is a unique synthesis of human intelligence, industry expertise and innovative technology that equips decision-makers with the knowledge to act and enable them make better decisions faster,” Weisberg said.

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