OptionsCity Software, a comprehensive provider of futures and options trading and analytics solutions, has seen its City Execution capabilities extended to Thomson Reuters (NYSE:TRI) Eikon, according to an OptionsCity statement.
City Execution is built on REST-based City API, which subsequently will be used to power the execution functionality on Thomson Reuters’ Eikon per the integration. More specifically, the partnership will see City Execution help enable Eikon customers to execute both futures and options trades within the Eikon ecosystem, whereby eliminating the need for alternative execution platforms as well as associated market data fees – the integration will target commodity and energy clients on the Eikon platform.
The Eikon solution is one of Thomson Reuters’ flagship products that helps aggregate and process real-time and historical data, which collectively enable financial markets transactions and connectivity with the financial markets community.
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The extension of execution capabilities to Eikon is important given the strong growth Thomson Reuters has seen across its commodities business over the past year. The service should also help streamline a number of utilities for clients, which will be available as a downloadable add-on from the Eikon App Library.
According to Leigh Henson, Global Head of Energy Markets at Thomson Reuters, in a recent statement on the integration with OptionsCity: “Market opportunities are fleeting, so being able to execute trades in reaction to Eikon’s market news and data in just a few clicks is critical. City Execution allows our global customers to easily and seamlessly connect to robust futures and options execution functionality, providing a strong value proposition for an integrated user experience.”
“When we created City API, we knew it had the potential to bring innovative new data and execution opportunities for a wide variety of customer types – from trading firms to multinational companies. That promise is being realized by bringing City Execution together with the Eikon desktop to the Thomson Reuters global commodity and energy customer base,” added Daniel Rooney, VP of Global Sales at OptionsCity in an accompanying statement.
Earlier this month, Thomson Reuters also expanded the functionality of its Eikon platform, which saw the enabling of key financial information via a unified platform with built-in search functions and applications for investments. This included a pantheon of utilities such as I/B/E/S estimates, Reuters’ news, quant models, refreshed database, and funds ratings, among others.