Thomson Reuters completes FXall acquisition

FXall is used mainly by asset managers, corporations, banks, broker-dealers and hedge funds while Thomson Reuters’ Marketplaces trading system is mainly for bank traders. Thomson Reuters said the acquisition will combine the two platforms to create a market-leading offering in their respective customer segments.

“We look forward to building our community, people and services to deliver the most innovative FX services available across the entire spectrum of trade discovery, execution and post-trade services,” said Abel Clark, managing director, Marketplaces, Thomson Reuters.

The company said there would be no change to FXall’s organisational structure during the integration planning process, and FXall would continue to operate with its existing brand, technology and processes, providing continuity for clients and guarding against any service disruption. ■