Refinitiv Expands REDI EMS Offering to India

Monday, 07/09/2020 | 12:59 GMT by Arnab Shome
  • The EMS service offers a connection with over 650 global brokers.
Refinitiv Expands REDI EMS Offering to India
FM

Refinitiv, a financial market data and infrastructure provider, has launched its electronic Trading Platform REDI EMS in India, which will offer a multi-asset trading functionality.

Announced on Monday, the company has added some India-specific enhancements including DMA, Care, one-touch orders, and notification of execution (an automated capture of orders keyed-in at the broker).

According to the company, India has joined over 80 other countries where the financial data provider is already offering services with its REDI EMS.

Refinitiv's REDI EMS offers access to more than 200 exchanges and over 650 brokers on the Autex Trade Route service.

It offers a 'single point of entry' to customers allowing them to submit orders to their nominated broker for execution. The platform also offers integration with prime brokers and clearing firms, thus facilitating position management and reporting requirements, along with an allocation module that allows for real-time confirmations.

Furthermore, the platform offers post-trade services trading, risk Analytics , and buy-side connection with brokers. The announcement also detailed that the EMS customers will have access to leading OMS’s via API or FIX.

A Single Management Tool

Commenting on the advantages of the platform, Gautam Verma, Refinitiv’s South Asian head, said: “The future of trading is indelibly intertwined with technology innovation, and we expect automation to be a huge source of new data going forward.”

“With REDI EMS, users will no longer need multiple systems and logins to manage their trades and can implement a wide array of trading strategies using Refinitiv’s advanced tools. The platform will enable our users to effectively navigate trade execution by reducing errors. Through the launch of REDI EMS, we will be able to provide a truly superior offering to our customers in India.”

Refinitiv, a financial market data and infrastructure provider, has launched its electronic Trading Platform REDI EMS in India, which will offer a multi-asset trading functionality.

Announced on Monday, the company has added some India-specific enhancements including DMA, Care, one-touch orders, and notification of execution (an automated capture of orders keyed-in at the broker).

According to the company, India has joined over 80 other countries where the financial data provider is already offering services with its REDI EMS.

Refinitiv's REDI EMS offers access to more than 200 exchanges and over 650 brokers on the Autex Trade Route service.

It offers a 'single point of entry' to customers allowing them to submit orders to their nominated broker for execution. The platform also offers integration with prime brokers and clearing firms, thus facilitating position management and reporting requirements, along with an allocation module that allows for real-time confirmations.

Furthermore, the platform offers post-trade services trading, risk Analytics , and buy-side connection with brokers. The announcement also detailed that the EMS customers will have access to leading OMS’s via API or FIX.

A Single Management Tool

Commenting on the advantages of the platform, Gautam Verma, Refinitiv’s South Asian head, said: “The future of trading is indelibly intertwined with technology innovation, and we expect automation to be a huge source of new data going forward.”

“With REDI EMS, users will no longer need multiple systems and logins to manage their trades and can implement a wide array of trading strategies using Refinitiv’s advanced tools. The platform will enable our users to effectively navigate trade execution by reducing errors. Through the launch of REDI EMS, we will be able to provide a truly superior offering to our customers in India.”

About the Author: Arnab Shome
Arnab Shome
  • 7315 Articles
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About the Author: Arnab Shome
Arnab Shome is an electronics engineer-turned-financial editor. He holds a Bachelor of Technology from the National Institute of Technology, Agartala. He entered the retail trading industry about a decade ago, covering the cryptocurrency market for Finance Magnates, and later expanded his coverage to include forex and CFDs as well. His work at Finance Magnates includes C-level interviews, data-driven analysis, opinion pieces, and scoops of industry exclusives. He also contributes to Finance Magnates’ quarterly industry report. Area of coverage: 1. CFD broker-related news 2. Industry-related Regulatory updates and developments 3. New retail trading trends 4. Prop trading industry updates 5. Executive interviews Education: Bachelor of Technology - National Institute of Technology, Agartala (India)
  • 7315 Articles
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