Thomson Reuters has unveiled its new Intraday Market Share Reporter (iMSR), a real-time and ready-to-deploy solution that aims to help traders quickly find and analyze liquidity by individual stocks across multiple venues.
The latest addition to its flagship platform, Eikon, promises liquidity data integration and classification across all marketplaces whereby the trader can find a summary of intraday volume, turnover and trade count for each traded stock, which can then be compared with a customizable selection of daily averages.
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iMSR features a set of core functions common to all traders needing to support intraday liquidity management, with Thomson Reuters Trade Classification (TRTC) included to meet specific business needs such as comparing global trading activity across multiple venues, analyzed and monitored in a single view. The modular design also ensures that the solution can be easily integrated into an existing environment, thus reducing implementation effort and accelerating time to market.
The tools are meant to enable equity traders to have sufficient information to monitor their assets’ intraday liquidity risk and to identify future direction of liquidity on a timely basis under normal and stressed conditions by assembling necessary data.
Where multiple venues are involved, liquidity becomes more fragmented as there is no single place where the necessary data is aggregated and consolidated, making it more important for traders to monitor and manage their liquidity.
Phil DeFranceso, head of trading desktop at Thomson Reuters, commented: “The challenge of finding current and predicting future liquidity is top of the mind for our trading customers, and this challenge will likely only grow as new regulations come into place. By offering an intraday liquidity solution, we are empowering our trading customers with another tool to help them gain an edge in a competitive marketplace. It furthers our commitment to delivering a powerful, integrated and comprehensive set of trading workflow solutions to the financial community.”