Thomson Reuters opens up access to bank algos

Clients previously unable to access some algo trading services will welcome the announcement that Thomson Reuters now provides a single point of access platform.

Thomson Reuters opens up access to bank algos

Clients previously unable to access some algo trading services will welcome the announcement that Thomson Reuters now provides a single point of access platform.

The platform brings together its request for stream service (FXall QuickTrade), continuous streaming prices (Bank Stream), central limit order books (Matching, Order Book) and conversational dealing platform (Dealing). This is now accessible through a single desktop solution “FX Trading.”

“Bringing together access to all Thomson Reuters venues’ liquidity on one screen,” explains global head of FX Phil Weisberg, “means that a segment of our customers will now, for the first time, have access to bank algos that were previously unavailable to them.

These customers can use the bank algos as an alternative to relationship trading with the banks.” He adds that firms that need or want the option to use bank algos along with their GUI-based trading will welcome this capability.

The move may release some clients from a house bank trading mentality, bringing them access to the enlarged pool of liquidity and algos that Thomson Reuters now offers.