FXPA Adds Thomson Reuters as Full Member

The Foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Professionals Association (FXPA) has announced the latest addition to its membership, this time adding Thomson Reuters as a fully integrated member, according to an FXPA statement.

The FXPA is a Washington-based organization for the foreign exchange (FX) industry that collectively represents the shared interests of brokers and market participants in the FX industry. The multinational group, along with its growing membership composition, was initially formed with the intent on advocating the interests of the FX industry to key regulators and policymakers via education, research, and transparency.

According to Phil Weisberg, Global Head of FX, Thomson Reuters, in a recent statement on the membership: “As a leading independent provider of FX transaction venues, Thomson Reuters actively supports cross-industry initiatives such as FXPA to ensure a sound, liquid, transparent and competitive FX market. Now more than ever, transparency and fairness are values that need to be upheld by everyone in the FX industry. Working closely with the FXPA group, Thomson Reuters will continue its work to help the industry raise standards across all areas of the market.”

The latest addition of Thomson Reuters to the FXPA now brings the total number of institutional members to twenty-three. The full list of entities and individuals can be read below:

• BATS Global Markets, Inc
• BNY Mellon Global Markets
• Bloomberg
• Citadel LLC
• CME Group
• Cürex
• EBS-BrokerTec
• FastMatch
• GFI Group
• Intercontinental Exchange (ICE)
• Integral Development Corp
• Clearnet
• LMAX Exchange
• Moscow Exchange
• Nasdaq
• Singapore Exchange (SGX)
• State Street Global Markets
• Thomson Reuters
• Virtu Financial
• Campbell & Company
• Traiana
• Eric Busay, Portfolio Manager, CalPERS
• Stephen Komon, Senior Portfolio Manager, Colorado PERA

Earlier this year, the FXPA held elections to determine its first permanent board of directors and officers. The new FXPA executive committee included four members from leading institutions.