Getting FX forward rate

Unknown
Unknown
in RFA

Hi, I am new to RFA and trying to get FX forward rate. My doubts are

1. FX forward rates are available in LEVEL1 or LEVEL2 market data

2. Whats the message type for FX forward price

3. Whats the service name should be used for creating request message.

Tagged:

Best Answer

  • Lars-at-Addicticks
    Lars-at-Addicticks
    Answer ✓

    1. LEVEL1

    2. MARKET_PRICE

    3. Depends on your site. If you are connecting into a TREP system then you need to understand that such a system is multi-feed and feed agnostic. It may be that Thomson Reuters have developed the TREP software but the bank (I assume you are in a bank or something?) may connect just about anything to their TREP system, including say a Bloomberg feed and various direct feeds. Some banks have >15 services (i.e feeds) on their TREP system.

    Most people would want to take FX Forward rates from a Thomson Reuters feed (because Thomson Reuters is generally regarded as the best source for such rates), so that is probably what you want as well. Look for a service name such as IDN_SELECTFEED, IDN_RDF or ELEKTRON_DD. It all depends on your site.


    You can use TRexplorer to browse your TREP system.

Answers

  • pimchaya.wongrukun01
    pimchaya.wongrukun01

    Rajeev John,

    What RFA edition that you are using? Is it C++, .NET or Java?

    Thanks,

    AHS

  • Unknown
    Unknown

    Hi @ AHS, I am using the Java version. Thanks Rajeev

  • Unknown
    Unknown

    Hi @Lars, Thanks a lot for your suggestions. I am looking the feed system used by the end client. Thanks Rajeev

  • umer.nalla
    umer.nalla

    Hi @Rajeev John

    Are you able to connect to your Thomson Reuters Enterprise platform at your site? As Lars mentioned, the most commonly used service name for the Reuters consolidated feed would be something like IDN_RDF, IDN_SELECTFEED or ELEKTRON_DD. The actual name will be set by your local Market Data admin team - so you may need to check with them.

    If you can connect, try subscribing to the Money Speed guide pages MONEY1, MONEY2 and MONEY3. These will have the codes for other guide pages related to FX & Money, you can drill down to find the relevant RICs for your FX Forward Rates.

    Alternatively, if you are a Reuters Customer you can contact our Content help desk via the following page Contact Us and they should be able to advise further.

  • Lars-at-Addicticks
    Lars-at-Addicticks

    Okay, I see. You are an ISV. The Service Name should of course be a parameter in your application as it will differ from one site to another. You need to let your customer decide this parameter.

  • Unknown
    Unknown

    Hi

    @Lars@Addicticks, @Umer Nalla

    Both of you input helped me a lot to complete the task. I can get the FWD price now...

    Thanks for your support.

Categories