Refinitiv Celebrates Achievements of Vietnam’s FX Community

HANOI,
VIETNAM – Media OutReach – 4 February 2021 -
Refinitiv, an LSEG business, has
announced the winners of its FX Trading Awards 2021 for Vietnam’s trading
community.

The
FX Awards aim to promote transparency and liquidity in the Vietnamese foreign
exchange market and to recognize its importance to the broader economy. Award
winners were determined based on trading activity on Refinitiv’s FX trading platforms.

In
2019, Refinitiv launched
its leading global electronic trading Matching service in Vietnam, as emerging
markets in the Asia region continue to develop their financial markets and
digitize FX trading capabilities. The launch represented Vietnam’s
first electronic marketplace for the trading of VND.

Foreign exchange is the
world’s most-actively-traded asset class. Refinitiv recently reported a
total average daily volume (ADV) of foreign exchange trading across its
platforms in December 2020 totaled $436bn. Average daily volume for spot
trading was $84bn.

“Refinitiv
is committed to deepening
financial markets in Vietnam and the broader ASEAN region and continue to work
closely with central banks, liquidity providers, and buy-side participants to
promote the development of efficient, fair and effective markets in the
region,” said Nigel Fuller, at Refinitiv.

He
added: “This is the first time Refinitiv is hosting our global FX Awards in
Vietnam and we’re excited to celebrate the support we have seen from the
Vietnamese trading community. I would like to extend a big congratulations to
all the winners.”

The Award winners are as follows:

•  Best Market Maker:  Vietnam Export Import Bank
• Most Active Bank:  Vietnam Export Import
  Bank
• Most Volume Traded:  Vietnam Maritime Commercial Joint Stock Bank
• Top 10 Volume Traded:

1	Vietnam Maritime Commercial Joint Stock Bank
2	Vietnam Export Import Bank
3	Southeast Asia Commercial Joint Stock Bank (SeABank)
4	Vietnam Technological and Commercial Joint Stock Bank
5	Ho Chi Minh Development Commercial Joint Stock Bank
6	Vietnam Joint Stock Commercial Bank For Industry and Trade
7	ANZ Bank (Vietnam) Limited
8	Tien Phong Commercial Joint Stock Bank
9	JS Commercial Bank for Investment and Development of Vietnam
10	Lien Viet Post Joint Stock Commercial Bank

For
further information on Refinitiv’s FX solutions, visit here .