Thomson Reuters' acquisition of FXall, which provides electronic FX trading, gives Thomson access to FXall's customers and means those customers could enjoy an expanded product line and greater liquidity. Thomson Reuters operates one of the main electronic platforms for inter-bank foreign exchange trading, while FXall's more than 1,300 clients are corporate treasuries, asset managers and brokers.
“This is a great move for Thomson,” says Peter Kane, a partner at Greenwich Associates, a financial services research firm. “They'll bring the corporate and investment community closer to them, which they need. And they'll be able to bring extensive IT and finance resources to a business that will probably need those resources to move to the next level.”
Jeanne Capachin, a research vice president at IDC Financial Insights, agrees that the acquisition should benefit FXall's customers. “There's a potential for more liquidity, as well as an owner in Thomson who is very committed to the corporate market,” Capachin said in an e-mail.
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Susan Kelly
Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.
