2013-02-18 10:04:50 -

New blended 30-minute fixing brings together liquidity from both platforms to
provide the most accurate picture of live-traded prices

LONDON, NEW YORK, 18 February 2013 - EBS, ICAP's market-leading electronic FX
business, and Thomson Reuters, the world's leading source of intelligent
information for businesses and professionals, today announced that the sources
for the Thomson Reuters and EBS 30-minute FX fixing will be blended via a
proprietary algorithm to ensure all traded liquidity across Thomson Reuters
Matching and EBS Market is used in the fixing calculations, providing maximum
transparency to FX market participants.

The new blended offering, which has been in effect since 14 January 2013, has
been developed to promote greater market transparency across Thomson Reuters and
EBS platforms, meeting increasing global demand for more timely and precise
reference data based on   real-time market transactions.

Currently available via Thomson Reuters Eikon, the company's next-generation
desktop for financial market professionals, the blended fixing brings together
liquidity from both EBS and Thomson Reuters to provide the most accurate picture
of live-traded prices. Previously the 30-minute fixed rates were based solely on
the platform that was traditionally the primary liquidity pool in each currency.

This new blended FX fixing will be available on the EBS Market later in 2013.

"This collaboration between Thomson Reuters and EBS is a great example of the
industry working together to improve the overall trading experience for the
benefit of all market participants," said Phil Weisberg, global head of foreign
exchange, Thomson Reuters. "By blending Thomson Reuters and EBS sources for our
30-minute FX fixings we are ensuring that maximum liquidity has been calculated
within each currency fixing and therefore providing maximum transparency for the
marketplace as a whole."

"The FX industry is focused on ensuring a fair, robust and transparent
marketplace and is continuously evolving and innovating to push this agenda
forward over many fronts," said Gil Mandelzis, CEO, EBS. "This is another grass
roots initiative that will improve current practices significantly for the
benefit of all market participants. EBS is pleased to lead such changes,
together with Thomson Reuters and in partnership with other market participants.

The fixing services were initially created in 2006 upon the request of the Bank
of England, following its retirement from the publication of FX rates. Daily
benchmarking at 11am and 4pm GMT for GBP, JPY, CHF, AUD, CAD and EUR were
initially provided by both Thomson Reuters and EBS, and from March 2011 the
services were expanded to deliver fixings every 30 minutes.

Details of the full range of fixings available are at page <FXFIX/HELP1> in
Thomson Reuters Eikon and at  www.icap.com/market-commentary/icap-
information/icap-fixings.aspx.

Thomson Reuters Eikon is designed to provide an intuitive, next-generation
solution for consuming real-time and historical data, connecting with the
financial markets community and executing financial markets transactions across
asset classes such as foreign exchange (FX), fixed income, commodities, equities
and derivatives. It realizes Thomson Reuters vision for a financial markets
desktop that is intelligent, simple and social. Driven by powerful search engine
technology, Eikon carries real-time data, news, charts, insightful commentary,
analytics and trade execution tools through views that can be customized to
individual user preferences and workflow.


About EBS
ICAP's award-winning electronic EBS business is at the heart of global spot FX
trading and remains the core source of genuine, executable spot FX liquidity for
professional trading counterparties in all market conditions.

EBS delivers impartial and effective access to spot FX, precious metals and NDF
traders globally, offering optimal price discovery and execution, and supports a
wide range of FX trading strategies, as well as API and manual trading. For more
information, go to www.ebs.com.


About 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. With
headquarters in New York and major operations in London and Eagan, Minnesota,
Thomson Reuters employs approximately 60,000 people and operates in over 100
countries. Thomson Reuters shares are listed on the Toronto and New York Stock
Exchanges. For more information, go to   www.thomsonreuters.com


CONTACTS

  Alan Duerden
  Public Relations Director, GRC & Marketplaces
  +44 (0) 207 542 0561
  +44 (0) 7825282483
  alan.duerden@thomsonreuters.com


  Serra Balls
  ICAP Corporate Communications
  +44 (0) 20 7050 7124
  serra.balls@icap.com






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Source: Thomson Reuters Corporation via Thomson Reuters ONE
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