LG Electronics: Getting price tension when FX dealing

LG Electronics uses Thomson Reuters' FXall to improve operational risks, increase price tension with banks and obtain a clear picture of its trading activities. The technology could also help it report trades to regulators electronically should the time come.

By Co-Published Chapter

May 21, 2015

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LG Electronics was in need of significantly reducing operational risks associated with its foreign exchange operations in Asia. The award-winning technology company that is part of South Korea’s fourth largest chaebol operates in more than 100 locations across the globe and has sales that run up into the billions of US dollars.

Having operated off a manual execution process, LG Electronics moved to Thomson Reuters’ FXall platform in 2014 that allows for easier settlement, straight-through processing and more efficient auditing of currency trading. LG Electronics can now generate, approve and consolidate, and obtain multi-bank quotes for the firm’s Asian operations.

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