Thomson Reuters Global Head Of Fx Transactions Moves To Dubai
Thomson Reuters releases foreign exchange volume figures for August
Dubai - Thomson Reuters today announced that in recognition of the growing importance of the Middle East and African foreign exchange (FX) dealing markets, the Global Head of FX Transactions has been relocated to the United Arab Emirates.
Announcing the move of Mark Kiley from the company’s Singapore office to Dubai, Basil Moftah, Managing Director for Thomson Reuters in the Middle East and Africa, said: “This is one of the world’s most important FX trading regions and Mark’s move here is part of Thomson Reuters strong commitment to supporting the expansion of the region’s financial markets.”
Additionally, Thomson Reuters today published its average daily FX spot volumes on www.hihifrds.com, its FX and money markets customer portal, for the month of August 2009 which were in excess of $116 billion. This represents the amount traded on Thomson Reuters main FX Spot trading services - Thomson Reuters Dealing, Matching and Reuters Trading for FX. The equivalent figures for June and July were $132 billion and $118 billion respectively.
“As a fast growing market, Middle East investors, traders and regulators need sophisticated and reliable products to manage and monitor this important asset class,” Kiley said. “Our broad range of FX services supports thousands of trading communities around the world, all of which are at various stages of development and with different requirements.”
Kiley joined Reuters in 1994 following a successfully career in trading spot, forward and money markets in the City of London. Kiley has worked primarily in London but spent the last two years in Singapore before his transfer to Dubai.
Thomson Reuters Markets provides direct trading and prime brokerage services to the foreign exchange markets around the world. Foreign exchange instruments covered include spot, forwards, options, non-deliverable forwards. These services are available on Thomson Reuters Dealing which is also widely used in the money and precious metals markets.
Thomson Reuters provides comprehensive coverage of Middle East and African markets including real-time information from all major equity markets, funds, indices and money markets. Customers can also access data on Sukuk, Islamic loans and other Islamic instruments, plus strong regional news coverage including an Arabic news service. In addition, Thomson Reuters provides broad trading capabilities for listed instruments as well as the foreign exchange and money markets.
Foreign exchange is the most actively traded asset class in the world. For nearly 30 years, Thomson Reuters has been an integral part of the global Treasury markets and today it is the leading provider of trading, automated dealing and information products and solutions in this space.
About Thomson Reuters
Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world’s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people in 100 countries. Thomson Reuters shares are listed on the New York Stock Exchange (NYSE: TRI); Toronto Stock Exchange (TSX: TRI); London Stock Exchange (LSE: TRIL); and Nasdaq (NASDAQ: TRIN). For more information, go to www.thomsonreuters.com.
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