Philippine Dealing System Holdings (PDS) and Thomson Reuters are seeking to develop and operate a FX trading platform for the local banking system. The companies have signed a deal to jointly deliver enhanced products and services to members of the PDS FX and fixed income trading communities in the Philippines.
The PDS Group now operates the U.S. dollar-peso FX spot trading system for members of the Bankers Association of the Philippines (BAP) and settlement and transfer systems, while Thomson Reuters offers FX swap and forward trading systems for BAP-member banks. Thomson Reuters will also launch its knowledge facilities to the PDS Group’s fixed income and FX communities through the PDS Academy.
Click here for the release from PDS Group.