Japans Resona Bank Selects Reuters Foreign Exchange Trading System

Japanese Resona Bank has selected Reuters, to implement and host Resonas foreign exchange dealing Internet portal. Resona Bank selected Reuters Electronic Trading for Automated Dealing (RET-AD) and will use it to serve its corporate customers throughout Japan. Resona Banks foreign exchange (FX) trading portal takes advantage of Reuters new, hosted automated dealing offering. The new system, which will be live in April, will allow Resona Banks corporate customers to access and trade on real-time, executable foreign exchange prices by accessing Resona Banks website from any standard Internet browser. This will help Resona Banks customers reduce time and simplify trading foreign exchange from manual deals conducted via telephone. Reuters ET-AD is recognised for its high performance in such areas as high transaction speed and has already been deployed in major banks worldwide. Resona Bank will be the first bank in Japan to install Reuters new automated dealing system. Reuters Electronic Trading for Automated Dealing supports both deployed and hosted services as well as the outsourcing of the pricing of foreign exchange transactions. Banks can use these capabilities to offer their partner banks around the world the ability to create their own branded electronic FX services and minimise the investment required to lower their operational costs.