German broker Baader Wertpapierhandelsbank has started offering connectivity to all German equity exchanges through the Reuters Trading for Exchanges (RTEx) order routing system.
The bank says that with this additional channel, it is broadening its position as a gateway to the German regional exchanges. It believes this will help institutions using the Thomson Reuters trading solution to better fulfil their MIFID obligations and best execution policies.
A prerequisite to use RTEx is existing trading relationships with one or more of Thomson Reuters’ partner brokers, including Baader.
“We are convinced that RTEx platform will be a preferred connectivity solution in the future as it easily gives Reuters 3000Xtra users a trader-friendly way to route and manage orders”, said Edward Strauss, head of sales and electronic trading at Baader Wertpapierhandelsbank, in a statement.
RTEX allows Reuters 3000 Xtra users to create and route orders to a choice of executing or clearing brokers, using the prices they see on the desktop, for any exchange traded instruments
including equities, financial futures and commodities and Energy derivatives. The system is broker-neutral.