Refinitiv Brings FX Trade Matching Service to Vietnam
The launch of USD/VND on Refinitv's Matching follows its recent launch of FXall in Vietnam, and its part of its efforts to bolster capabilities as emerging markets in the region continue to develop their financial markets and digitize FX trading capabilities.
Financial data provider Refinitiv has launched Vietnam’s first electronic marketplace for the trading of VND with the introduction of its Matching service in the country, the firm announced in a press release on Wednesday.
The introduction Matching in Vietnam, which matches trades on a T+1 basis – the most commonly traded value date – highlights the firm's ongoing commitment to deepening financial markets in the ASEAN region, the firm said in the announcement. So far, over 30 major market players have signed up to trade USD/VND through Matching, Refinitiv said.
«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,» Nigel Fuller, Refinitiv head of market development, ASEAN, said about the launch.
