Reuters and IBM partner for retail brokerage

Reuters and IBM partner for retail brokerage

Reuters is working with IBM on the fine-tuning of an integrated set of solutions for financial institutions' online retail brokerage operations.

Currently being tested by Reuters in Palo Alto, California, as part of the new TIBAssurance programme, the combined solution is designed to provide clients with an integrated platform that reduces operational risks, time-to-market and deployment resources.

The total package includes Reuters' TIBMercury Online order routing and order management application, IBM WebSphere e-infrastructure software, pSeries eServer Unix hardware and integration services.

The aim of the initiative is to enable financial institutions to use a common infrastructure for deploying global electronic brokerage solutions, say the companies.




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