TIB Mercury FX is a safe and easy way for corporate and institutional customers, as well as branch dealers, to access the system, price deals and do foreign exchange and money market transactions at any time of the day or night from anywhere in the world. The TIB Mercury FX supports the trading of spots, forwards, swaps, time options, money market loans and deposits, as well as an extensive variety of auxiliary deals on existing trades.

TIB Mercury is developed by Tibco Finance Technology Inc, a wholly owned subsidiary of Reuters Group headquartered in Palo ALto, California. Tibco Finace develops innovative e-business and e-finance solutions. As a global leader in innovative financial solutions, Tibco Finance has developed a broad range of offerings that include B2B and B2C financial enterprise integration, electronic trading, finance portal, market data and exchange automation solutions. Tibco Finance has a worldwide clientele base of more than 400 blue chip customers.

Managing director of Reuters India Ltd Mitya New said:"We are very happy to partner with a prestigious organisation like ICICI and are confident our technology will give them the competitive edge in the Indianmarket."