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2015-05-28

Thomson Reuters Corporation : Thomson Reuters to Champion Higher Industry Standards for FX Trading

New Provisory Liquidity protocol enables market participants to make informed
choices about the use of 'last look' liquidity through transparent measurable
performance criteria.

NEW YORK/LONDON, May 28, 2015
- Thomson Reuters, the world's leading source of intelligent information for
businesses and professionals, today announced the publication of proposed
operational procedures for trading protocols on its FXall platforms,
including a codified Provisory Liquidity protocol that governs participants'
use of 'last look' liquidity.

The Provisory Liquidity protocol is designed to raise industry standards by
outlining clear and consistent eligibility and qualification rules for price
makers. It also enables liquidity consumers to make informed trading
decisions based on transparent and measurable criteria.

"As a leading independent provider of FX transactions venues, Thomson Reuters
is committed to ensuring a confident and effective trading experience for all
market participants on all the platforms we operate, while still offering the
choice clients need to meet specific trading requirements," said Phil
Weisberg, global head of FX, Thomson Reuters. "Following the new Matching
rules we set last year that encouraged high standards of behaviour in primary
markets, the updated FXall operational procedures define the same rigorous
standards for both our RFQ and Streaming Price trading protocols, where
participants transact on a disclosed, relationship basis, as well as our
Order Book platform, where participants trade anonymously using either firm
or Provisory Liquidity."

The behavioural and platform controls associated with the Provisory Liquidity
protocol empower participants to confidently choose liquidity sources that
best suit their needs while mitigating the impact of physical distance on
execution quality. They also entitle qualified market makers to manage credit
and operational risk when making price and enable intermediaries to offer
liquidity to their customers on a riskless-principal basis, thereby enhancing
transparency of execution.

"Clients value choice in execution when the choices made available to them are
consistently and transparently managed to the highest standard. We therefore
designed the new procedures to achieve optimal conditions through a
combination of objective and measurable behavioural criteria and platform
controls," continues Weisberg. "More than ever, clients and their liquidity
providers seek actionable insight into their execution quality. We provide
them with this intelligence."

Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for
businesses and professionals. We combine industry expertise with innovative
technology to deliver critical information to leading decision makers in the
financial and risk, legal, tax and accounting, intellectual property and
science and media markets, powered by the world's most trusted news
organization. Thomson Reuters shares are listed on the Toronto and New York
Stock Exchanges. For more information, go tohttp://thomsonreuters.com.

CONTACTS

---------------------------------
| Kate Reid |
| |
|Thomson Reuters |
| |
|+44 (0)20 7542 2215 |
| |
|kate.reid@thomsonreuters.com |
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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Thomson Reuters Corporation via Globenewswire

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