Market data vendor Thomson Reuters has integrated global exchange group Nasdaq OMX’s Market Replay tool into Thomson Reuters Transaction Analytics, a product suite featuring post-trade best execution analysis, trade exception monitoring and compliance reporting.
Nasdaq Market Replay allows the exchange’s clients replay and analyse activity in securities listed on all major US equity markets. The tool allows users to see the consolidated top of book at any point in time as well as the top of file for each exchange, replay the market in simulated real time or at accelerated or decelerated speed and zoom into events at the millisecond level.
According to Thomson Reuters, the integration of Market Replay into its Transaction Analytics service will allow users to click on a trade exception and see the full associated market context, including quotes, trades and consolidated national best bid and offer.
“With increasing regulatory scrutiny, the demands of best execution monitoring are growing. Our goal is to make the compliance workflow as comprehensive yet simple for our clients as possible,” said Miftah Khan, global head of Transaction Analytics at Thomson Reuters, in a statement. “Thanks to our partnership with Nasdaq OMX, we’re now able to complement our rigorous best execution analytics with the deep market analytics available via Market Replay.”
Separately, Thomson Reuters’ Markets division has selected latency management systems provider Corvil’s CovilNet product to monitor the latency of its global infrastructure and optimise it accordingly.
The data vendor will use CorvilNet to manage a range of services and applications carried across its network. The product will allow Thomson Reuters to identify and eliminate bottlenecks and reduce the time and money spend diagnosing and fixing latency problems, said Corvil.
“Our business demands the lowest possible latency in an ever growing traffic environment,” said Ayman Soliman Thomson Reuters Markets’ global head of wide area network engineering. “We have chosen CorvilNet to help us optimise the global infrastructure and provide real time analytics in order to meet the business demands.”