Thomson Reuters has enhanced its market data system to include electronic transaction capabilities. Working together with Smart Trade Technologies and embedding their real-time, transactional, smartTrade liquidity management system technology, in combination with new peer-to-peer messaging, Thomson Reuters Market Data System (RMDS) will provide clients with smart order routing and liquidity management capabilities as an appliance within their platform.
The peer-to-peer messaging capabilities in RMDS in conjunction with smartTrade Transactional Platform (STTP) will provide clients with the elements necessary to create a global transaction fabric. Banks, brokers, exchanges and asset managers using RMDS will benefit from efficient and optimised liquidity management for best execution and smart order routing for multiple and cross asset classes. The peering of regional and global trading operations delivers tighter control of flow for risk management.
Jon Robson, president, enterprise, Thomson Reuters, said: “The increased focus on electronic trading, coupled with the rise in transaction volumes and complexity of financial instruments, has intensified the pressure on our clients to manage order-routing and internal matching across asset classes. Our transaction-enabled platform will allow financial institutions to efficiently transform their market data infrastructure into an intelligent trading network, linking their key business centres to other financial institutions and clients sharing similar technology.”
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