Thomson Reuters has introduced Rules-Based Order Routing (RBOR) to its Thomson Reuters REDI execution management system designed to enable traders to automate workflows in a flexible, customisable, and cost-efficient way.
Thomson Reuters RBOR is both multi-asset and global in scope.
RBOR gives traders the ability to set a number of order routing rules that determine which trades should be handled automatically or through manual intervention. This functionality allows traders to configure policies that assist in enabling and demonstrating best execution compliance. Based on a trader’s pre-determined preferences, RBOR automatically routes orders to a broker, or multiple brokers and/or algos, for execution, and a trader can monitor automated trades in real-time for quality assurance.
“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,” says Michael Chin (pictured), co-head of Trading, 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.”
RBOR is currently being offered to clients that stage orders into Thomson Reuters REDI via FIX, and will soon be available for orders routed via the Thomson Reuters Autex Trade Route service.
Thomson Reuters REDI is an integrated workflow solution that brings advanced, broker-neutral, trade execution management to the buy-side. It offers cross-asset trading workflow functionality, powerful workflow and compliance tools, and rich analytics via desktop application, cloud, mobile or API. Users can route equities, futures and options orders to over 800 brokers across more than 80 countries. REDI is interoperable with Thomson Reuters flagship financial desktop Eikon, giving REDI users access to pre-trade content and functionality to support their trading workflow.
