Mizuho Bank integrates Thomson Reuters’ FX trading

Japanese bank adopts Thomson Reuters FX Trading platform due to diverse order methods.

Mizuho Bank in Japan has adopted Thomson Reuters’ next generation FX trading desktop into its trading business.

The FX Trading service combines all of Thomson Reuters’ FX venues onto an end-to-end platform and one point of access to its FX liquidity pool.

Thomson Reuters claims users have access to the world’s largest professional FX community, with 14,000 dealing counterparties, 1,500 FXall buy-side liquidity takers and over 300,000 Eikon Messenger contacts.

FX Trading also provides compliance tools, settlement, straight through processing and trade history reports.

Michael Go, head of FX market development, Asia Pacific at Thomson Reuters, explained market volatility, regulatory scrutiny and decreased risk appetite have impacted FX market liquidity.

“FX Trading allows users to easily access maximum liquidity while complying with stringent regulatory standards,” he added.

Yosuke Takahashi, foreign markets team 1 at the international foreign exchange department at Mizuho Bank, added the biggest advantage of Thomson Reuters FX platform is the availability of more ordering methods.

“The diversification of ordering methods leads to the improvement of operating functions and also translates into more opportunities for trading profits,” Takahashi said.

The Bank of International Settlement’s latest survey on FX and OTC derivatives markets found Japan was one of the top five financial centres in 2016, accounting for 77% of global FX trading.