DUSHANBE, December 8, 2015, Asia-Plus – According to the National Bank of Tajikistan (NBT), the single procedure of electronic trading was set in the country’s interbank currency market on December 7.
The procedure was reportedly set by means of the Thomson Reuters platform, which is the world”s leading electronic trading platform with a broad suite of tools.
This measure will help intensify activities of the interbank currency market and improve conditions of buying and selling of foreign currencies, an official source at Tajik central bank told Asia-Plus in an interview.
To-date, 19 lending agencies have reportedly joined this system.
Electronic trading is a method of trading securities (such as stocks, and bonds), foreign exchange or financial derivatives electronically. Information technology is used to bring together buyers and sellers through an electronic trading platform and network to create virtual market places.
In finance, an electronic trading platform also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. This includes products such as stocks, bonds, currencies, commodities and derivatives with a financial intermediary, such as brokers, market makers, Investment banks or stock exchanges. Such platforms allow electronic trading to be carried out by users from any location.
