Thomson Reuters announces the winners of the Second Annual FX Awards for Thailand

Photo Caption: Thailand's Minister of Finance, Korn Chatikavanij officiated at the Thomson Reuters' second annual FX Trading Awards for Thailand's financial community held at Bangkok’s Renaissance Hotel on February 23.

Pictured in the photo from Left to Right:

Devika Dutt, Business Manager, Treasury Division, Thomson Reuters; Wasin Saiyawan, First Senior Vice President - Head of Financial Market Division, Siam Commercial Bank; Suratun Kongton, Executive Director & Branch Manager, JPMorgan Chase Bank, N.A.; Korn Chatikavani, Finance Minister of Thailand; Orn-kanya Phibuldham, Managing Director - Head of Global Markets, Deutsche Bank AG; Siriwan Narongtanupon, Vice President, Citibank, N.A.; Lalit Dharmaseri, Senior Vice President – Head of Treasury, Thanachart Bank; Anthony Northam, Sales Director, Asia, Thomson Reuters; Suvimol Techaswararak, Country Manager Thailand, Thomson Reuters and Michael Tsang, Head of Treasury, Asia, Thomson Reuters.

Thomson Reuters announced the winners of its second annual FX Trading Awards for Thailand’s financial community, held at the Renaissance Bangkok Ratchaprasong Hotel in Bangkok yesterday. Addressing an audience of distinguished financial professionals, His Excellency Korn Chatikavanij, Minister of Finance, Thailand, discussed the growing Thai economy as well as investment opportunities and the changing political landscape.

Created to promote transparency and liquidity in the Thai foreign exchange market and recognize its importance to the broader Thai economy, the FX Award winners were determined based on trading volumes and pricing contributions on Thomson Reuters electronic FX trading platforms.

The winners for Thomson Reuters FX Trading Awards for Thailand were as follows:

Best USD/THB Liquidity Provider (from Dealing Spot Matching)

Winner: Deutsche Bank AG

1st Runner Up: Bangkok Bank PCL

2nd Runner Up: Standard Chartered Bank (Thai) PCL

Best Foreign Currency Liquidity Provider (from Dealing Spot Matching)

Winner: JPMorgan Chase Bank, N.A.

1st Runner Up: TMB Bank PCL

2nd Runner Up: Bangkok Bank PCL

Best Foreign Currency Liquidity Provider (from RTFX)

Winner: Thanachart Bank PCL

1st Runner Up: United Overseas Bank (Thai) PCL.

2nd Runner Up: KASIKORNBANK PCL

Best Exchange Rate Contributor

Winner: Siam Commercial Bank PCL

1st Runner Up: HSBC

2nd Runner Up: The Bank of Tokyo-Mitsubishi UFJ, Ltd.

Best THB Interest Rates Contributor

Winner: Citibank, N.A.

1st Runner Up: TMB Bank PCL

2nd Runner Up: Deutsche Bank AG

As the most actively traded asset class in the world, foreign exchange continues to generate significant interest from the global trading community and in January 2011 Thomson Reuters reported average global daily FX spot volumes in excess of US$145 billion over its foreign exchange trading platforms. In 2006, Thomson Reuters became the first company to introduce electronic trading of the Thai Baht (THB) against the US dollar through its electronic matching service.

Suvimol Techaswararak, Managing Director Thailand, Thomson Reuters, said; "We are delighted to recognize Thailand’s foreign exchange community for the important role it plays in providing transparency and liquidity to this dynamic market. It is through their contributions and trading activity that reliable benchmark rates and pricing on the Thai Baht are facilitated. We are very proud to support the success of the foreign exchange community in Thailand.”

The Thai Baht appreciated 10.5 percent in 2010, the third strongest currency rise in Asia behind the Japanese yen and the Malaysian ringgit. Thai stocks also rose 41% in 2010 on the back of US$1.9 billion in foreign capital inflows. Thailand is the second largest economy in Southeast Asia behind Indonesia.

Thomson Reuters in Thailand

Reuters has operated in Thailand for more than 100 years and now employs over 1,200 staff. Most of the company’s businesses are represented in Thailand which includes specialists and experts in finance, legal, tax and accounting, healthcare as well as Reuters News and other media services. Thomson Reuters Research and Development Centre is a leader in the Thai software industry, and was the first company in Thailand to receive CMMI (Capability Maturity Model Integration) accreditation. Thomson Reuters Bangkok office serves as a critical hub for product development, quality control, business analytics and product support across global operations. Thomson Reuters has an active corporate social responsibility programme in Thailand and many employees have contributed time to community projects in schools throughout the country. After the 2004 tsunami, the Thomson Reuters Foundation made a significant donation to support relief for victims and their families.

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, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs 55,000 people andoperates in over 100 countries. For more information, go to www.thomsonreuters.com.

Pictured in the photo from Left to Right:

Devika Dutt, Business Manager, Treasury Division, Thomson Reuters; Wasin Saiyawan, First Senior Vice President - Head of Financial Market Division, Siam Commercial Bank; Suratun Kongton, Executive Director & Branch Manager, JPMorgan Chase Bank, N.A.; Korn Chatikavani, Finance Minister of Thailand; Orn-kanya Phibuldham, Managing Director - Head of Global Markets, Deutsche Bank AG; Siriwan Narongtanupon, Vice President, Citibank, N.A.; Lalit Dharmaseri, Senior Vice President – Head of Treasury, Thanachart Bank; Anthony Northam, Sales Director, Asia, Thomson Reuters; Suvimol Techaswararak, Country Manager Thailand, Thomson Reuters and Michael Tsang, Head of Treasury, Asia, Thomson Reuters.

CONTACT

Daniel Billings

Public Relations, Thomson Reuters

+852 2843 6911

[email protected]

Click for photo release at www.thaipr.net

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