Reuters has launched its Trading for Exchanges service which allows buy-side users to find the price of an exchange listed instrument, select from a range of brokers with which to trade and execute an order, all from a single screen.
Deutsche Bank, Barclays Capital and Fimat International Banque are the first to sign up to offer trade execution and clearing services, with more brokers, including ABN Amro Futures, committed to joining during 2006.
The vendor says its Reuters Trading for Exchanges service will allow users to enter an order for any exchange traded instrument supported by participating brokers. Users will also be able to access services including individual trading strategies and algorithmic trading engines offered by execution and clearing brokers. Orders will be transmitted to participating brokers using industry standard FIX messaging.
Mark Redwood, managing director of Reuters sales and trading division, says: "Reuters is the first company to offer a broker-neutral global trading capability in exchange traded instruments and its addition completes coverage of major asset classes available for trading through the Reuters desktop."
In a separate move, Reuters has launched a new content package of research reports and fundamental and business intelligence data for about 1400 active equity listed companies in China.
The content package will also include company data with five-year financials and Shanghai Stock Exchange and Shenzhen Stock Exchange announcements.
The information on China companies will be integrated with Reuters Knowledge (RK), a Web-based research and analytics desktop system. In addition, RK users will also have access to China broker and independent research reports from 12 major local securities firms in China.