Rules-based order routing has been added to the REDI execution management system (EMS) at Thomson Reuters to allow traders to prioritise orders across asset classes.
The new feature will give traders the ability to set a number of order routing rules that determine which trades should be handled automatically or manually. It automatically routes orders to brokers, or multiple brokers and algos, for execution which can also be monitored in real-time.
“Rules-based order routing delivers a streamlined and efficient tool allowing traders to shift their focus to orders that may demand more time and expertise,” said Michael Chin, co-head of Trading at Thomson Reuters.
“With rules-based order routing, users have enhanced control over their electronic trading needs, with end-to-end visibility and support for regulatory compliance. This solution furthers Thomson Reuters portfolio of global, multi-asset trading capabilities that help empower financial professionals to trade smarter, faster, and with confidence.”
The feature is currently being offered to clients that use the Thomson Reuters REDI via FIX, with plans for it to soon be available via the Thomson Reuters Autex Trade Route service.
Thomson Reuters integrated REDI’s EMS with its Eikon and Elektron services in summer last year following its acquisition of the trading technology company. REDI was bought by Thomson Reuters in 2016 as it looked to expand its buy-side services to form a broker-neutral trading platform.