Thomson Reuters (NYSE:TRI) has once again introduced a series of changes to its Eikon Messenger platform in the form of ‘FX Monitor’, which helps strengthen utility and flexibility for corporate users, according to a Thomson Reuters statement.
The Eikon solution is one of Thomson Reuters’ flagship products, helping to aggregate and process real-time and historical data, which collectively enable transactions and connectivity within the financial markets community.
The FX Monitor gives corporate treasurers a larger degree of control via broader access to the financial services community, in conjunction with news and analysis from the Thomson Reuters portal.
In particular, FX traders and corporate users have series of needs regarding information and pricing data in order to effectively manage their respective cash flows. Despite the fact that many non-financial corporate users do not engage in the same activities as FX traders per se, the need for comprehensive time sensitive information is largely congruent.
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Subsequently, through FX Monitor, corporate treasurers will now be able to access their bank counterparties, whilst creating bank sales desk groups and distributing communications to banks. This also includes the coalescence of The Dealing Room, which is a global chatroom specifically geared to FX that features direct access to Thomson Reuters analysts and editors.
According to Yvette Jackson, Global Head of Collaboration Services at Thomson Reuters in a recent statement on the launch: “FX Monitor in Eikon Messenger provides corporate treasurers with a communications platform together with industry-leading FX analysis to help efficiently manage their currency and cash management operations and their relationships with external financial partners.”
“This is another example of our ongoing commitment to provide advanced technology and UX design to improve workflow and flexibility for all industry professionals, whilst supporting users’ efforts to meet security and compliance requirements,” Jackson added.
Last week, the Eikon Desktop underwent an upgrade to address a broader commodities focus with its Commodity Trade Flows. The new improvements aimed to provide analysis of the global movement and delivery of cargoes, giving commodity analysts a more insightful look into the supply and demand dynamics of key commodities and their consequent price movements.
Though commodities supply chain data is already widely available from a variety of sources, the logistical difficulty of navigating through myriad data points necessitate such utility that simplifies large swaths or data for users.