Thomson Reuters Matching hit by four-hour outage

Banks say liquidity was affected by the service outage but it was fortunate to occur at a quiet time for the market

unplugged

Thomson Reuters Matching was out of action for almost four hours this morning as a result of a service disruption, leading to widespread confusion among banks that use the platform to trade spot foreign exchange.

"Liquidity in the pairs that are mostly traded via Thomson Reuters Matching has been down significantly – these are mostly the non-G5 pairs. It also wasn't at all clear if pending orders in the system got filled or not and communication from Thomson Reuters was a bit poor. Luckily there

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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