Thomson Reuters Appointed by the Hong Kong Treasury Markets Association as Calculating Agent for RMB Bond Indicative Quotes

Thomson Reuters Appointed by the Hong Kong Treasury Markets Association as Calculating Agent for RMB Bond Indicative Quotes
13.07.2015 01:00 am

Thomson Reuters Appointed by the Hong Kong Treasury Markets Association as Calculating Agent for RMB Bond Indicative Quotes

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, announced today it has been appointed by the Hong Kong Treasury Markets Association (TMA) as the calculating agent for the TMA RMB Bond Indicative Quotes. The indicative quotes aim at increasing the price transparency for RMB-denominated institutional bonds issued in Hong Kong by the Ministry of Finance of the People’s Republic of China.  The publication of the indicative quotes will be conducive to strengthening Hong Kong’s position as a leading offshore RMB center.

The indicative quotes offer market participants including fund managers, sell-side banks and brokers a reference for various uses, such as portfolio valuation and compliance reporting.

Thomson Reuters will use its leading technology to perform the calculation of the indicative quotes based on the indicative prices sourced from 14 regional and global banks.

The indicative quotes will be published twice a day (around 11am and 4pm HKT) on every trading day via Thomson Reuters Eikon and datafeed solutions. The 11am indicative quotes will also be published on the TMA website.  Further information on the initiative can be found at https://www.tma.org.hk/en_market_info.aspx.

“The TMA RMB Bond Indicative Quotes will provide a reliable source for pricing which will increase transparency within the financial marketplace, something Thomson Reuters continues to be very focused on,” said Stuart Brown, Head of Financial, Asia, Thomson Reuters.

Thomson Reuters delivers up-to-the-millisecond news and financial information to decision makers and has a strong  portfolio of benchmarks and indices. It administers, calculates and distributes financial benchmarks on behalf of more than 50 market associations and central banks as well as produces Thomson Reuters indices covering equities, bonds, and commodities.

Related News

Former HSBC blockchain executive joins Contour

Contour, the Singapore-based open trade finance blockchain network, has announced the appointment of Joshua Kroeker as its Chief Product Officer. Joshua joins... Read more »

VALK offers BT Radianz Cloud Community access to Corda blockchain platform

VALK, an innovative technology provider offering a software that digitizes the management, investment and trading of unlisted assets, today announced that it... Read more »

Fintech Rapyd launches in the UK offering all-in-one payments

Fintech-as-a-Service company Rapyd has today launched in the UK, offering businesses its all-in-one, full-stack payment solution.

Through Rapyd’s... Read more »

Integral Reports Average Daily Volumes of $32.6 Billion in May 2020

Integral, the technology partner trusted by leading banks, brokers, and asset managers to... Read more »

Salt Edge’s data aggregation helps Zeeco calculate carbon emissions

Zeeco, a New Zealand fintech, teamed up with Salt Edge, a leader in offering open banking solutions, to access users’ bank data and automate... Read more »

Cryptomathic First to Launch Full Lifecycle & HSM-Agnostic ‘Bring Your Own Key’ Solution for Microsoft Azure Key Vault

Cryptography solutions pioneer, Cryptomathic, has today enabled its client banks and other security-sensitive businesses to leverage Microsoft Azure’s platform... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel