Taiwan Bank chooses Thomson Reuters RET-AD for FX trading

EnTie Commercial Bank a leading Taiwanese bank has implemented Reuters Electronic Trading - Automated Dealing (RET-AD) for automating real-time foreign exchange (FX) transactions between retail branches and its treasury function. EnTie is the first bank in Taiwan to leverage the RET-AD system, joining 130 global institutions that use RET to improve operational efficiency for FX transactions.

The RET-AD platform is built on proven, industry standard technologies - powering FX trading in 60 countries, using 16 different languages. The RET-AD system that is being employed by EnTie also marks the first time the platform utilises the Traditional Chinese-language interface, another value-added feature that expands the scope and reach to Chinese-speaking financial markets.

With increasing trading volumes in FX markets and pressure on margins, electronic trading is a cost-effective option for banks. EnTie will lead the way in improving its FX operational efficiency in a banking sector that is being described as “overly crowded” - by the country’s regulator Financial Supervisory Commission.

Commenting on the Thomson Reuters RET-AD system, EnTie’s CEO Jesse Ding: “We have strengthened our competitiveness in recent years via investments in infrastructure and a professional team. EnTie became the first Taiwan bank to offer the RET-AD foreign exchange system to its customers, helping them leverage FX market opportunities. We strive to make this a win-win for our customers with RET through speed and professional customer service.”

Paul Allmark, Global Head of Electronic Trading for Thomson Reuters, commented, “Thomson Reuters has a strong history of helping countries develop their financial markets, so I am particularly delighted that EnTie has become the first Taiwanese bank to use RET-AD to grow its FX business.”

By automating large numbers of trades, RET-AD will free up EnTie sales traders to build customer relationships, focus on complex sales and reduce processing times and errors. Thomson Reuters’ low-latency automated solution will also create more opportunities for the bank to get closer to its customers and facilitate straight through processing to the bank’s back-office system for real time Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term position keeping.

Jeson Liu, Head of Financial Markets of EnTie, also remarked: "Thomson Reuters has an industry-leading electronic Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term that is proven and well-rounded. Apart from the ability to simplify the process with its extensive scalability, the RET-AD system also provides a single sign-on interface for a wide range of financial transactions. This will significantly increase our competitiveness in the FX market while better managing risks in today’s volatile financial markets.”

The Thomson Reuters RET-AD, which operates online, allows banks to offer their corporate customers and branches the ability to have direct interaction-increasing performance and client satisfaction. With an independent tried-and-tested system, RET-AD can reduce processing times and errors. It also serves a larger customer base or branch network by increasing the capacity of orders captured online.

Taiwan's average daily turnover was US$24.5 billion. Transactions between banks and customers accounted for 26.8 percent of total net turnover, with interbank transactions making up the remaining 73.2 percent .

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