Thomson Reuters has joined forces with order management system (OMS) provider Eze to package its data for buy-side customers.
Using Eikon server API, Eze’s buy-side clients can now access Eikon data and content within Eze OMS using a single Thomson Reuters license.
The new system is designed to address data inconsistencies in the market that can occur due to different data sources being used.
“Integrated workflow is very important to our buy-side customers as it improves efficiency and reduces errors and costs. However, at the same time, they need the flexibility to work with the trading tools of their choice. By being open to working with third-party EMS/OMS providers to fully integrate Eikon data, Thomson Reuters is supporting that choice,” said Michael Chin, global head of equities at Thomson Reuters.
Rob Keller, CFA, executive managing director of product management and development, Eze Software Group. “We are excited to partner with Thomson Reuters in the quest to improve operational efficiencies for our buy-side clients.”
It is understood that Thomson Reuters is actively engaging with other software providers to implement similar systems.