Acquisition allows Thomson Reuters to offer advanced, broker-neutral, cross-asset trade execution capabilities for the buy-side trading community
Thomson Reuters has completed its acquisition of REDI Holdings, allowing Thomson Reuters to incorporate an advanced, cross-asset execution management system (EMS) into its buy-side trading capabilities and deliver integrated trading workflow solutions to the buy-side community.
REDI will now operate as Thomson Reuters REDI. Thomson Reuters REDI will continue to provide an award-winning 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 market-leading 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," said 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,” said Michael Chin, 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.”
Thomson Reuters provides powerful and intuitive next-generation workflow solutions for consuming real-time and historical data, enabling end-to-end transaction processing and connecting the financial markets community. Eikon is an open system, customizable to the individual needs of a financial professional or institution. Its award-winning news, analytics and data visualization 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.
Find out more about Thomson Reuters REDI
Thomson Reuters is the world’s leading source of news and information for professional markets. Our customers rely on us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more than 100 countries for more than 100 years. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, visit www.thomsonreuters.com
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