Refinitiv Announces the Adoption of Its Solutions By Central Bank of Hungary

Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, announced that its auction and market tracker solutions are adopted by the Central Bank of Hungary.

The cooperation will facilitate the automation of the central bank’s local FX bidding activity and enhance trade reporting effectiveness in Hungary.

Central banks are increasingly focused on monitoring currency activity in their respective local markets. With the introduction of new regulation on reporting, visibility over changing liquidity positions is becoming crucial for swift market interventions by central banks.

Antonio De Gregorio, Managing Director for Central and Eastern Europe at Refinitiv commented: “We are proud to be part of the Central Bank’s automation and market reporting strategy. Our partnership will facilitate the implementation of the bank’s digital transformation vision and also mitigate risks of a conventional manual bidding process.”

“The Central bank will be running a transparent and compliant auctions operation across multiple asset classes including FX and money markets. The central bank will also leverage a rigorous reporting tool that provides a real-time insight of dealing transactions and trends”, he added.

Earlier this month, Fazzaco has reported on Refinitiv rolling out house views and market insights for wealth management firms​.