1. Home
  2. Press Releases
  3. 2016
  4. March
  5. Thailand’s FX Community Celebrates Success at Thomson Reuters FX Awards 2016

March 24, 2016

Thailand’s FX Community Celebrates Success at Thomson Reuters FX Awards 2016

Bank of Thailand Assistant Governor Presents Honours at Awards Ceremony

Bangkok – Thomson Reuters announced the winners of its annual FX Awards at a ceremony hosted in Bangkok on 22 March. The awards aim to promote transparency and liquidity in the Thai foreign exchange market and to recognize its importance to the broader Thai economy.

Mrs. Chantavarn Sucharitkul, Bank of Thailand’s Assistant Governor gave the keynote address emphasizing cooperation in pushing forward reform efforts to raise the professional standards for the FX market, while also touching on plans to allow more flexibility in FX regulations to enhance the competitiveness of the industry and the economy to cope with challenges coming from many fronts. The relaxation would include allowing onshore banks to offer FX-linked products and expanding the scope for securities firms to undertake FX transactions to better serve customers in the capital market.

“Regulators and market participants have been working hard to cooperate in the development of both capital and financial markets. An efficient and competitive financial market is crucial in supporting economic growth,” said Mrs. Chantavarn Sucharitkul, Bank of Thailand.

Award winners were determined based on trading volumes and pricing contributions on Thomson Reuters electronic FX trading platforms.

A panel session hosted during the event discussed the Future of the FX markets, fintech, and regulatory change, and included industry leaders Guy Dickinson, Head of Global Markets and Treasurer, HSBC; Teerapol Rattakul, Executive Vice President, Financial Markets Division, Siam Commercial Bank and also President of ACI, Thailand; and Soraphol Tulayasathien, Director of Economic Stability Analysis Division, Ministry of Finance. Panellists shared their views on FX market regulatory changes, risks, challenges and opportunities as well as the impact of fintech as a major disruptor to the FX market.

Michael Go, Head of FX Market Development, Asia Pacific at Thomson Reuters, said, “Market volatility and increasing regulatory scrutiny continue to impact FX markets globally. In response, Thomson Reuters is committed to serving the FX community in Thailand and globally with diversified end to end solutions. This is why we want to make it as easy as possible for our clients to find the liquidity they need, have the flexibility to access it efficiently through a choice of venues and order types, and be confident that rigorous market protocols are upheld by Thomson Reuters for all users of our platforms.”

Thomson Reuters brought together all of its FX transaction venues onto one platform to create a single point of access to the industry’s largest collective independent pool of FX liquidity in 2015. Thomson Reuters request for stream service (FXall QuickTrade), continuous streaming prices (Bank Stream), central limit order books (Matching, Order Book) and conversational dealing platform (Dealing) have now all been fully integrated into the company’s next-generation desktop solution FX Trading.


Thomson Reuters FX Awards 2016 Winners List


1. Best THB FX Spot Contributor
Winner: CIMB Thai Bank PCL
Runner Up
: Thanachart Bank PCL
CitiBank, N.A.

2. Best THB Interest Rates Contributor 2015
Winner: Siam Commercial Bank PCL
Runner Up
: CitiBank, N.A.
Standard Chartered Bank (Thai) PCL

3. Best USD/THB Liquidity Provider
Winner: Krungthai Bank PCL
Runner Up
: Bangkok Bank PCL
The Hongkong and Shanghai Banking Corporation Limited
Bank of Ayudhya PCL.

4. Best Foreign Currency Liquidity Provider 2015
Winner
: CIMB Thai Bank PCL
Runner Up: United Overseas Bank (Thai) PCL
Siam Commercial Bank PCL
Thanachart Bank PCL

 

About Thomson Reuters in Thailand

Thomson Reuters has operated in Thailand for more than 100 years. Most of the company’s businesses are represented in Thailand which includes specialists and experts in finance, legal, tax and accounting 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 news and information for professional markets. Our customers rely on us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more than 100 countries for more than 100 years. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, visit www.thomsonreuters.com.

 

CONTACT

Silke Marsh
Thomson Reuters
Head of PR, Financial & Risk, Asia Pacific
Tel: +852 2843 1623
Email: silke.marsh@thomsonreuters.com

Janet Jin
Thomson Reuters
Business Communications Executive, Asia Pacific
Tel: +852 6201 0526
Email: janet.jin@thomsonreuters.com