Thomson Reuters has completed its acquisition of REDI Holdings, allowing it to incorporate a cross-asset execution management system (EMS) into its buy-side trading capabilities.
REDI will now operate as Thomson Reuters REDI.
Thomson Reuters REDI will continue to provide an EMS that offers cross-asset trading functionality, powerful trade allocation, reporting and compliance tools and rich analytics via desktop application, cloud, mobile or API.
In the coming months, Thomson Reuters will begin integrating REDI’s trading capabilities with Eikon, its financial markets desktop, and Elektron, its suite of data and trading propositions, to enable institutional traders to move seamlessly from pre-trade activities to trade execution across asset classes on an integrated platform.
“The acquisition of REDI by Thomson Reuters is significant as it further confirms the growing demand of the buy-side to seek fully integrated solutions that support their end-to-end trading workflow requirements," says Brad Bailey, research director at Celent. “The demand for cross asset liquidity sourcing, execution, and trade management is key for the buy-side as it continues to demand greater cross-asset functionality and better efficiency in its workflows. The regulatory environment in the US and forthcoming in Europe, with MiFID II, is driving the demand for TCA, analytics and workflow management.”
“Thomson Reuters REDI brings a best-in-class workflow solution to the buy-side trading community that is already used by over 3,800 traders worldwide,” says Michael Chin (pictured), managing director, global head of trading, Thomson Reuters. “The buy-side continues to need truly open, broker-neutral trading systems and we will be actively investing in and promoting REDI to meet the needs of our customers. And by integrating the capabilities with other Thomson Reuters solutions, we will create in Eikon a truly end-to-end trading solution for the buy-side while further expanding the breadth and depth of market data available via Elektron.”
Eikon is an open system, customisable to the individual needs of a financial professional or institution. Its news, analytics and data visualisation tools help its users make more efficient trading and investment decisions across asset classes.
Elektron is a suite of data and trading propositions that include low latency feeds along with the analytics, enterprise platform and transactional connectivity to support any workflow application.
