Thomson Reuters to launch transaction capabilities for its market data system

Harry Gozlan, founder and CEO, smartTrade: "By strategically integrating STTP directly into RMDS we believe, Thomson Reuters is offering the fastest, most fully developed liquidity management platform in the market today."

Thomson Reuters has announced 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.

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."

Harry Gozlan, founder and CEO at smartTrade, said: "Leveraging the power of the Thomson Reuters global market data distribution community is a natural next step. STTP has already been integrated into RMDS and is deployed successfully by several of our clients. By strategically integrating STTP directly into RMDS we believe, Thomson Reuters is offering the fastest, most fully developed liquidity management platform in the market today."

"As trading increasingly becomes electronic, integrating market data and trading platforms becomes critical," says Larry Tabb, founder and CEO of TABB Group, the capital markets research, strategic advisory and consulting firm. According to Tabb, "when you're faced with an increasingly greater number of products, there's less time to think, less time to react and more trading opportunities that may never be realized unless your firm's trading, pricing and matching technologies are fully optimized against a low-latency market-data infrastructure."