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Tradeweb and Thomson Reuters launch MiFID II tools

New suite launched for best execution, systematic internaliser determination and research valuation.

By Hayley McDowell hayley.mcdowell@strategic-i.com March 09, 2017 9:58 AM GMT

Thomson Reuters and Tradeweb have teamed up to launch as series of tools to meet post-trade transparency requirements ahead of MiFID II.

The new suite includes multi-asset best execution, systematic internaliser determination, research valuation, market data aggregation and reference data services.

Thomson Reuters is working with Tradeweb for approved publication arrangement (APA) amenities with data collection, monitoring and management information statistics.

Thomson Reuters’ Elektron data platform will be incorporated to ensure users can take advantage of existing infrastructure to connect to analytics, data feeds and trades reported via Tradeweb’s APA.

Deb Walton, global managing director of customer proposition at Thomson Reuters, explained the two firms ensured the services were “built by the industry for the industry”.

“Our mission is to make MiFID II compliance as easy as possible for our customers and the market, providing integrated services that take advantage of their existing infrastructure, map their workflow and ready them for the opportunities they will have post-January 2018,” Walton said.

Simon Maisey, managing director and global head of business development at Tradeweb, added: “Thanks to a one-year head start, we are pleased to be able to offer an APA-early facility, enabling our clients to conduct initial testing, with nine leading financial firms already committed.”

Thomson Reuters recently launched the next generation of its data analytics platform, Velocity Analytics, which supports systematic internaliser determination and best execution requirements.