Thomson Reuters has completed the integration of REDI’s execution management system (EMS) with its Eikon and Elektron services.
The combination of tools is expected to provide buy-side clients with interoperability between REDI’s trading tools, Elektron’s market data and Eikon’s pre-trade content to improve trading workflow.
Buy-side users of the newly combined EMS will also be able to subscribe to broader connectivity via Autex Trade Route, with its indications of interest and advertised trade tools.
Michael Chin, managing director and co-head of trading at Thomson Reuters, explained leveraging the interoperability is another step towards providing improved trading workflow for the firm’s clients.
“Our goal is to create a superior end-to-end trading platform for the buy-side that is open, broker-neutral and cross-asset,” he said.
Joseph Monte, chief executive officer of Merus Global Investors, commented a broker-neutral trading platform that streamlines workflow across asset classes is an essential service for buy-side firms.
“By bringing together the full breadth and depth of Thomson Reuters data and desktop with their REDI EMS, Eikon messaging and access to the Autex network, Thomson Reuters has created a compelling solution to address our needs,” he said.
Thomson Reuters announced its acquisition of REDI in September last year as it looked to expand its buy-side services through integrating the firm’s trading tools.
Last month, REDI’s EMS was integrated with Eikon Messenger in a bid to “break down barriers to communication in financial markets”.
The move provided users with the ability to communicate with 300,000 financial market professionals in a compliant manner to improve pre-trade workflow.