March 20, 2015
Thomson Reuters and LG Electronics Recognized in Corporate Treasurer Awards 2014
HONG KONG – Thomson Reuters today announced that, together with LG Electronics, it was awarded Best Technology Platform for Best Treasury & Finance Strategies in Asia-Pacific at the Corporate Treasurer Awards 2014. The awards aim to recognize companies that have demonstrated complexity, innovation and enabled clients to improve operations across the treasury industry in Asia.
Thomson Reuters FXall platform provides a comprehensive end-to-end solution for foreign exchange trading including execution, settlement, straight-through processing and support for regulated trading. Thomson Reuters assisted LG Electronics in significantly reducing operational risks associated with its FX trading operations in Asia. The newly adopted solution focuses on trading and confirmation, and has helped LG Electronics shift away from manual processes to a fully electronic end-to-end FX trading workflow. As a result, LG Electronics can better satisfy both internal and external auditing requirements, and has set new standards for electronic practices for the firm.
“We are delighted to have been given this special recognition for our efforts in providing a comprehensive solution to LG Electronics for foreign exchange trading,” said Jonathan Woodward, Head of Asia Pacific FXall, Thomson Reuters. “This award illustrates Thomson Reuters leading position as a solution provider and demonstrates our commitment to delivering innovative solutions for our clients. We remain focused on responding to the business needs of corporate treasurers in the region.”
“It is an honor for us and Thomson Reuters to be recognised by our peers in the industry. With the introduction of Thomson Reuters FXall trading solution, LG Electronics has been able to set new standards and adopt a clear audit trail for FX trades. The system has helped improve and simplify our compliance processes and provides great clarity of information,” said Calvin Lee, Manager, Asia Pacific Treasury Center, LG Electronics. “We have worked closely together with Thomson Reuters over many months and look forward to taking our commercial relationship to the next level.”
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 and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to http://thomsonreuters.com.
Corporate Affairs Manager, Asia Pacific
Office: +852 2843 6939