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Thomson Reuters provides spread trading capabilities for commodities

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Thomson Reuters has announced plans to support the growth in commodities trading through new enhancements made to its multi-asset class transaction service, Reuters Trading for Exchange

Thomson Reuters has announced plans to support the growth in commodities trading through new enhancements made to its multi-asset class transaction service, Reuters Trading for Exchanges. 

The enhancements extend the service’s use beyond the equity markets by featuring spread trading capabilities for commodity instruments, as well as providing seamless integration and click-to-trade functionality from its desktops.

Mark Redwood, president of sales and trading at Thomson Reuters, says: ‘As traders move away from more complex structured instruments to their flow businesses and more traditional areas such as commodity and cash markets, the enhancements to RTEx could not be more timely. Thomson Reuters is committed to supporting its customers’ needs to lower costs and these enhancements allow our information and transactions customers to extract greater value by having the ability to route orders using our broker-neutral and global distribution network.’

The service allows the routing of equity, equity derivatives, futures contracts as well as commodity instruments, across its broker neutral order routing network.

Other enhancements include: improved use of desktop real estate; order book – join the ask or bid, buy or sell or sweep the order book at the click of the mouse; bump buttons – rapidly modify orders using a context sensitive panel of bump buttons; spread trading of futures spreads listed on exchanges including CME, CBOT, Eurex and Nymex; request for quote functionality for securitised derivatives and spreads; and indications of interest from Tradeweb’s AutEx, an industry leader in indications of interest and trade advertisements to the buy side community.

RTEx is available to users of Reuters 3000 Xtra, Reuters Trader and Reuters Trader for Commodities. It provides access to the joint global community of Tradeweb Routing Network and Reuters Order Routing Network, comprising over 1,000 participants worldwide and processing in excess if 1.5 billion shares per day. 

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