Technology and data vendor Thomson Reuters are making it easier for buyside traders to gauge interest in a trade and then execute an order.
Thomson now has integrated Autex’s indications of interest (IOI) data and FlexTrade Spark execution management system in its Eikon financial markets desktop trading system. Now the buyside can access a broker-neutral EMS and monitor broker activity and liquidity via a single platform.
The integration, according to Thomson Reuters, helps busy buysiders more efficiently streamline their workflow and optimize their execution strategies. With this tool traders gain access to equities and futures trade execution capabilities and can send orders to multiple brokers and venues, including dark pools and ATS/MTFs, while benefiting from an aggregate view of liquidity, tools to monitor market events, and the ability to receive news, price and volume alerts to better inform their trading strategies.
FlexTrade is a member of Thomson Reuters established partner network, which provides customers the freedom to choose from among the leading OMS and EMS providers.
The addition of Autex IOI data in Eikon enables customers to more accurately monitor broker activity and liquidity, including indications, advertisements, and broker rankings. Customers benefit from access to the latest algorithmic trading strategies from hundreds of brokers in domestic and global markets as orders are sent over Thomson Reuters Autex Trade Route.
“Buyside traders face unprecedented complexity due to fragmented liquidity, multiple broker relationships and algorithmic trading across global markets,” said Rob Hegarty, global head of equities, Thomson Reuters, in a release. “Thomson Reuters has a track-record of working with leading EMS and OMS providers to offer our buy-side customers a choice when trading over our Autex FIX order routing network. With the integration of FlexTrade’s EMS in Eikon, we have taken this a step further by offering a comprehensive experience for traders who need access to rich, relevant news, in-depth information, sophisticated analytics and a broker-neutral EMS.”
Thomson Reuters also said it plans to integrate additional OMS and EMS vendors into Eikon.
“We are actively working with our leading OMS and EMS vendor partners and plan to announce additional EMS and OMS partner capabilities in Eikon throughout the remainder of 2014,” hegarty told Traders via email.
Autex Trade Route is Thomson Reuters global FIX-based order routing network that provides connectivity to over 750 buyside firms and 700 executing brokers and venues.