Thomson Reuters' acquisition of FXall, which provides electronicFX trading, gives Thomson access to FXall's customers and meansthose customers could enjoy an expanded product line and greaterliquidity. Thomson Reuters operates one of the main electronicplatforms for inter-bank foreign exchange trading, while FXall'smore than 1,300 clients are corporate treasuries, asset managersand brokers.
“This is a great move for Thomson,” says Peter Kane, a partnerat Greenwich Associates, a financial services research firm.“They'll bring the corporate and investment community closer tothem, which they need. And they'll be able to bring extensive ITand finance resources to a business that will probably need thoseresources to move to the next level.”
Jeanne Capachin, a research vice president at IDC FinancialInsights, agrees that the acquisition should benefit FXall'scustomers. “There's a potential for more liquidity, as well as anowner 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.
