Thomson Reuters adds messenger service to REDI

Messenger add-on is first step of integration process.

Thomson Reuters is to integrate its Eikon Messenger service with its recently acquired REDI execution management system.

The firm said the move will break down barriers to communication in financial markets.

Thomson Reuters bought REDI in January this year and said the addition of Eikon Messenger will give users the ability to communicate with 300,000 financial markets professionals in a compliant manner to improve pre-trade workflow.

Eikon Messenger is an instant messaging tool that aids compliance through bilateral chat controls and tools that include keyword blocking, disclaimers and policy enforcement.

Michael Chin, managing director and co-head of trading at Thomson Reuters, said: “Hot on the heels of our acquisition of REDI in January 2017 it makes perfect sense for us to bring the power of Eikon Messenger to the Thomson Reuters REDI community as a first step in the wider integration program. The integration of Eikon Messenger with Thomson Reuters REDI further builds on our commitment to bring together innovative technology to create a world-class trading and workflow solution.”

Thomson Reuters did not reveal what it plans in the future to further integrate its existing business with REDI.