Following its acquisition of REDI Holdings earlier this year, Thomson Reuters has incorporated REDI’s cross-asset execution management system (EMS) into its buy-side trading capabilities to deliver integrated trading workflow solutions to the buy-side community.
Thomson Reuters REDI provides cross-asset trading functionality, powerful trade allocation, reporting and compliance tools and analytics via desktop application, cloud, mobile or API.
With today’s development, Thomson Reuters brings together REDI’s trading capabilities with Eikon, its financial markets desktop, and Elektron, its suite of data and trading propositions, to enable institutional traders to move seamlessly from pre-trade activities to trade execution across asset classes on a single platform.
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In addition, Thomson Reuters combined Elektron market data into the EMS which allows users of Eikon and REDI platforms to obtain the same data and in turn reduce their total subscription costs.
Joseph Monte, founder and CEO of Merus Global Investors, commented: “As a multi-strategy trading firm, we needed a reliable, broker-neutral trading platform that streamlines our workflow across asset classes and maximizes our efficiency. By bringing together the full breadth and depth of Thomson Reuters data and desktop with their REDI execution management system, Eikon Messaging and access to the Autex network, Thomson Reuters has created a compelling solution to address our needs. We are impressed with their open vision and commitment to a fully integrated platform that brings the best of Thomson Reuters and its partners to the buy-side community.”
Michael Chin, Managing Director and Co-Head of Trading at Thomson Reuters, added : “By leveraging the openness and interoperability of the Eikon platform with REDI, this development marks another step towards delivering a powerful and tailored workflow solution for our buy-side clients. Our goal is to create a superior end-to-end trading platform for the buy-side that is open, broker-neutral and cross-asset.”