Transaction capabilities added to Thomson Reuters RMDS

Thomson Reuters is announcing an enhancement to its market data system to include electronic transaction capabilities. Working together with Smart Trade Technologies and embedding their real-time, transactional, smartTrade liquidity management system technology, in combination with new peer-to-peer messaging, Thomson Reuters Market Data System (RMDS) will provide clients with smart order routing and liquidity management capabilities as an appliance within their platform

The peer-to-peer messaging capabilities in RMDS, working in conjunction with smartTrade Transactional Platform (STTP), will provide clients with the vital elements necessary to create a global transaction fabric. According to the firm, banks, brokers, exchanges and asset managers using RMDS, will all benefit from efficient and optimized liquidity management for best execution and smart order routing for multiple and cross asset classes. The peering of regional and global trading operations delivers tighter control of flow for risk management.

Multi-threading enhancements to the RMDS platform deliver massive scale and performance which is integral to Thomson Reuters next generation data distribution and execution fabric. Comprehensive data coverage and a suite of direct data feeds, delivering full order book content, provides easier integration and market coverage for pre-trade liquidity discovery in support of electronic trading applications. The claimed benefits include improved content delivery, enabling distribution of all executions level messages from internal activity or any other source.

Customers will be able to achieve quick and cost effective time to market with these new capabilities believe Thomson Reuters, allowing them to connect to a universe of transactional services. These include Thomson Reuters Order Routing for Equities, Reuters Trading for Exchanges (RTEx) and Reuters Dealing Matching, providing customers with immediate access to some large liquidity pools.

Jon Robson, President, Enterprise, Thomson Reuters, said: “The increased focus on electronic trading, coupled with the rise in transaction volumes and complexity of financial instruments, has intensified the pressure on our clients to manage order-routing and internal matching across asset classes. Our transaction-enabled platform will allow financial institutions to efficiently transform their market data infrastructure into an intelligent trading network, linking their key business centers to other financial institutions and clients sharing similar technology."