Refinitiv launches Matching service in Vietnam to create first electronic Marketplace for VND FX trading

Refinitiv launches Matching service in Vietnam to create first electronic Marketplace for VND FX trading
02.10.2019 12:31 pm

Refinitiv launches Matching service in Vietnam to create first electronic Marketplace for VND FX trading

Wholesale Banking

Refinitiv today announced it has launched its leading global electronic trading Matching service in Vietnam, as emerging markets in the Asia region continue to develop their financial markets and digitize FX trading capabilities.

The launch represents Vietnam’s first electronic marketplace for the trading of VND. Matching trades on a T+1 basis which is the most commonly traded value date.

Vietnam has had a remarkable growth and development story over the past 30 years. Economic and political reforms under Đổi Mới launched in 1986, have laid the groundwork for growth that averaged 6.6 percent per annum during 2014-18, reaching a 10 year high of 7.1 percent in 2018, according to the International Monetary Fund.  

“Matching is a powerful, cost-effective and low-latency solution for FX traders which offers real-time credit-screening, easy price discovery, concentrated liquidity and efficient execution.  Our customers benefit from the advantages e-trading brings such as trade capture and automatic trade reporting.  Since launching, over 30 major market players have signed up to trade USD/VND through Matching,” said Nigel Fuller, Head of Market Development, ASEAN at Refinitiv.

“Refinitiv is proud to have had a presence in Vietnam since 1994. The launch of USD/VND on Matching follows our recent launch of FXall in Vietnam and highlights our on-going commitment to help deepen financial markets in Vietnam and the broader ASEAN region. We continue to work closely with central banks, liquidity providers, and buy-side participants to promote the development of efficient, fair and effective markets in the region,” said Neill Penney, Managing Director and Co-Head of Trading at Refinitiv.

Refinitiv was recently awarded Best Tech Provider and Best G10 FX Trading Platform at the coveted FX Week Asia Awards 2019.

Refinitiv Matching is one of the leading anonymous electronic trade matching services available in the global FX marketplace, providing real-time executable prices for over 60 Spot currency pairs and 30 FX Swap currency pairs.  Matching is available through the Refinitiv FXT platform, allowing access to the largest global pool of interbank professional traders.  Matching is part of a comprehensive portfolio of analytical and trading solutions offered by Refinitiv that support all segments in the FX trading workflow.   Forwards Matching is a segment of the Refinitiv MTF, regulated under MiFID II rules. 

Related News

ChartIQ Updates Desktop Integration Platform

ChartIQ, a financial technology company that delivers software to help the finance world work smarter, today introduced Finsemble 4.0, the latest release of the company’s... Read more »

AcadiaSoft and Clarus Team on Initial Margin Analytics Service

AcadiaSoft Inc., the leading industry provider of risk and collateral management services for the non-cleared derivatives community, today announced it will launch a joint... Read more »

Penta Offers Founder Package For Easy Company Creation

German business banking platform Penta has opened a one-stop shop for entrepreneurs to get their business propositions off the ground, co-operating with legal network... Read more »

Tencent and DST Global Pump $115 Million into Qonto

French neobank Qonto has raised $115 million in Series C funding from Tencent and DST Global to double down on existing markets, develop new features to tailor its products to... Read more »

Wethaq Launches First Sukuk on its Market Infrastructure Using SWIFT gpi Link

Wethaq announced that it has issued the first pilot Sukuk on its securities market infrastructure for the Islamic capital markets under the supervision of the Dubai Financial... Read more »

Capitolis Raises $40 Million

Capitolis, a 'next generation' provider of capital markets technology founded by Gil Mandelzis, ex-Traiana, and Icap, Tom Glocer, ex-CEO of Thomson Reuters, and Igor... Read more »

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