Thomson Reuters Launches FX Post-Trade System in Vietnam
Vietnamese banks will be able to use Thomson Reuters Dealing, the standard FX trading platform for collecting and extracting information in the interbank FX market.
"The implementation of this system marks a positive shift towards automation in managing post-trade foreign exchange information," says Pham Bao Lam, director general of the central banking department at the State Bank of Vietnam. "The ability to access accurate, real-time information will help modernize how the State Bank of Vietnam monitors foreign exchange transactions and increase transparency across the industry, as well as promoting the long-term growth of interbank FX market."
Over 60 local and foreign banks are said to have already signed up to Thomson Reuters Dealing in Vietnam.
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