Refinitiv's FXall gets BNM greenlight as electronic trading platform

BNM approves Refinitiv's FXall as electronic trading platform

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KUALA LUMPUR (June 18): Refinitiv’s complete end-to-end workflow solution for foreign exchange (FX) trading FXall has been approved by Bank Negara Malaysia as an Electronic Trading Platform (ETP) and will be offered in Malaysia under its approved money broker “Refinitiv Transaction Services Malaysia Sdn Bhd”.

It offers a feature-rich multi-bank trading platform serving the full spectrum of market participants, providing unequalled access to FX market liquidity, said Refinitiv in a statement.

“Trading spot, forwards, swaps, NDFs, and options is only a click away.

“Users can seamlessly execute their trading strategies transparently and in compliance with local and global regulations,” it added.

The company also said that under the ETP Framework, an approved interbank central limit order book, Refinitiv Matching, will enable banks to trade on credit-screened USD/MYR liquidity on an anonymous basis.

Refinitiv Matching offers real-time credit screening, enhanced price discovery, efficient execution and automatic trade capture and reporting, offering a new level of operation for traders.

Refinitiv performance director for FX Venues Nigel Fuller said the company has been a long-time partner in the Malaysian financial market.

“Bank Negara’s formal approval for FXall to operate alongside Matching enables us to further assist Malaysian FX market participants to develop their e-FX trading solutions.

“This will lead to greater transparency and efficiency both for the banks and their customers,” he said.