Thomson Reuters Agrees Deal with CME Group, China’s SAFE to increase FX Derivatives

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Thomson Reuters Agrees Deal with CME Group, China’s SAFE to increase FX DerivativesThomson Reuters on Wednesday revealed that it has entered into a deal with CME group to provide liquidity access in commodity markets. This means that Thomson Reuters Eikon clients that trade on CME Group markets will now gain access to CME Direct; a front-end trading software for CME Group’s options, commodity futures and OTC markets.

The deal makes it much easier for Eikon and CME Direct customers to research, manage and execute trades.  This is because traders will benefit from CME Direct’s electronic execution capacity as well as to Thomson Reuters Eikon’s analysis, news and charting tools.

The agreement covers asset classes such as CBOT agricultural commodities, COMEX metals and NYMEX energy.

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“With the regulatory climate encouraging a trend towards exchange trading of derivatives, financial markets participants are increasingly looking for a straightforward way to analyze and trade commodities,” Shaun Sibley, the managing director of commodities at Thomson Reuters said in a press release. “By offering expanded access to liquidity alongside the news and analytics services in Eikon, we are empowering our customers with the tools they need to develop and execute their trading strategies seamlessly and efficiently.”

The deal complements another agreement that Thomson Reuters entered with CQG that allowed its clients the access to the 65 Futures Commission Merchants.

In a separate report, the Chinese forex regulator The State Administration of Foreign Exchange has revealed that it plans to increase the forex derivative products. This announcement comes at a time when the yuan is fast rising to become a global currency. To register for a free 2-week subscription to ForexMinute Premium Plan, visit www.forexminute.com/newsletter.

To contact the reporter of this story; Yashu Gola at yashu@forexminute.com