Zurich Cantonal Bank to Go Live on Reuters Trading for Foreign Exchange Service

Zurich Cantonal Bank, one of the leading FX liquidity providers inSwitzerland and central Europe with an AAA rating, brings its corestrength in Swiss franc and the other major currencies to the ReutersTrading for Foreign Exchange (RTFX) platform. Initially, ZurichCantonal Bank will target inter-bank customers in Europe, Middle Eastand Asia and buy-side customers in Europe. Zurich Cantonal Bank'sprices will be fed to the RTFX platform using the Reuters ElectronicTrading - Automated Dealing pricing engine.

Daniel Corbaz, Director and Head of FX at Zurich Cantonal Bank,commented: "Reuters Trading for Foreign Exchange allows us to offerour clients additional access to our FX services and leverage theglobal Reuters footprint to serve our customer base in the Germanspeaking part of Europe, Middle East and Asia with attractive FXpricing and extend it globally. These will be provided by the ReutersElectronic Trading rate engine from Reuters and will give us the bestin class prices to compete successfully in the FX e-trading markets."

RTFX allows banks and their customers to trade foreign exchangefrom their Reuters desktop. Zurich Cantonal Bank will go live in Marchand bring banks, corporate and other financial participants usingReuters desktops the ability to trade 13 currency pairs 24- hours aday with the triple A rated bank. Zurich Cantonal Bank's move raisesthe total number of banks supporting RTFX to 25 - with 10 already liveon the service.

Tarun Anand, Global Head of Treasury Services, Reuters, said:"Zurich Cantonal Bank joins a growing list of major FX banks includingBarclays Capital and Deutsche Bank and adds to the excellent level ofmomentum behind RTFX. Zurich Cantonal Bank will benefit from thecombination of the market leading RET-AD technology and vastdistribution of RTFX allowing them to reach new price takersthroughout Europe and Asia."

RTFX brings financial market professionals the ability to quicklyand securely execute spot and forward FX and manage post tradeprocessing through a single sign-on, utilising Reuters unrivalledglobal desktop footprint in the FX marketplace. This capability issupported by the comprehensive, real time news and powerful analyticsfrom Reuters 3000 Xtra and Reuters Dealing 3000 terminals, at noadditional cost, allowing price takers to effectively manage theirtrading positions.

Reuters desktops are used by more than 350,000 financialprofessionals worldwide. Reuters Dealing 3000 platform is used bynearly 18,000 FX and money market professionals across 4,000organizations to trade FX spot, forwards, options, futures, plusinterest rate and overnight index swaps.

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