Thomson Reuters’ acquisition of execution management systems provider REDI Holdings will be integrated into its pre-trade and post-trade workflow services, and its Eikon financial analysis solution, according to Michael Chin, managing director and global head of trading at Thomson Reuters.
The acquisition by Thomson Reuters is aimed at capturing more of the buy-side workflow, an area it had tried to expand in with its previous acquisition of direct market access provider Aegisoft in 2010.
The renamed Thomson Reuters REDI service “is integral to the buy-side trader’s workflow as they receive instructions from portfolio managers,” says Chin. The service defines “what needs to be done to achieve that investment strategy from a trading perspective.”
Building upon pre-trade analytics already available from Thomson Reuters, users can “analyse the market and assess where optimal liquidity opportunities exist to achieve best execution,” says Chin. “To then trade, they utilize an execution management system such as REDI.”
Once the integration is complete, Thomson Reuters will connect nearly 700 brokers and banks to the Thomson REDI execution platform, to receive orders, creating a “complete end-to-end solution,” says Chin.