For the Central Bank of Guinea, Refinitiv, an LSEG business, deployed their FX Trading platform giving the local market access to more liquidity and a range of automated trade reporting tools, as well as Auctions, a software that gives users a real-time view of bid submissions. Electronified FX markets enable traders to deal in thousands of tickets a day online, augmented by automated workflows, using algorithms that ensure they are compliant with regulations at every step of the trade.įurther driven by the COVID-19 pandemic that struck in March 2020 and the subsequent acceleration to the online environment, the need for electronification has never been greater. Electronification not only digitises real-life workflows, but also makes them faster, more efficient and transparent. The Central Bank of Guinea needed electronification of their foreign exchange trading process – to trade electronically and with more transparency.
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