Eikon Auctions are used by central banks around the world as customers respond to ability to complete auctions quickly, transparently and compliantly across multiple asset classes and workflows.

SINGAPORE/LONDON - Media OutReach - 11September 2019 - Refinitiv recently reached a key milestone for its Eikon Auctionsservice, having helped facilitate over $1trillion for its central bank andlarge corporate customers.

Central Bank auctions in developed,emerging and frontier markets are critical for managing currency flows, primarymarket issuance, supporting import and export strategies and facilitatinginternational trade and global investing. To do this effectively, central banksneed to be able to run a transparent and compliant process across multipleasset classes, including FX, money markets, non-deliverable forwards, fixed incomeand short-term liquidity management via open market operations that are core toany central bank.

Eikon Auctions fromRefinitiv has seen rapid growth and adoption in 2019, with a 27% year on yearincrease in customers, and is now used by central banks in Europe, the MiddleEast, Africa and Asia. Refinitiv is able to address central banks' needs arounddata residency and infrastructure costs by offering its solution on either ahosted or deployed basis. Support is now also in place for Islamic FinanceShari'ah compliant auctions for both central banks and corporates.

In addition to the growth in adoption at central banks, Refinitiv has also seena surge in volumes allocated by large corporates who can use Eikon Auctions todrive significantly better yields on their short-term deposits. 

As well as proving thetechnical and data infrastructure central banks need to run auctionstransparently and compliantly, Eikon Auctions enables central banks and corporatesto quickly reach Refinitiv's extensive community of customers enabling a fastlaunch process. Over 400 banks and brokers have now participated in auctionsusing Eikon Auctions.

"Fast, efficient andtransparent auctions are critical to central banks and large corporates lookingto tap into capital markets," observed Neill Penney, Managing Director, Co-Headof Trading, Refinitiv. "With our global technology and data, and our extensivecommunity of traders and investors, we are uniquely positioned to connect centralbanks and corporates with financial institutions, enabling them to fulfill theirmarket activities simply and efficiently. As the global economy experiencesincreased currency turbulence, we look forward to supporting our central bankcustomers across all their needs, including auctions, FX matching, benchmarks andtrade reporting." 

About Refinitiv

Refinitiv is one of the world's largestproviders of financial markets data and infrastructure, serving over 40,000institutions in over 190 countries. It provides leading data and insights,trading platforms, and open data and technology platforms that connect athriving global financial markets community - driving performance in trading,investment, wealth management, regulatory compliance, market data management,enterprise risk and fighting financial crime.