Reuters teams with Cbot to promote Trading for Exchanges service

Reuters teams with Cbot to promote Trading for Exchanges service

Reuters has teamed with the Chicago Board of Trade for the launch of the UK news and information group's new desktop exchange trading service.

The two firms are launching a joint marketing initiative - which will include joint sales events and customer presentations - to promote access to Cbot's electronic trading platform, e-cbot, via the Reuters Trading for Exchanges service.

The service - which is due to go live in early Q4 - will enable 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.

Robert Ray, SVP, business development, Cbot, says: "Thousands of Reuters customers will now be able to trade in Cbot markets directly from their Reuters terminals. This partnership represents a breakthrough in convenience as traders will gain more flexibility in the ways they access trading opportunities at the Cbot."

Stephen Wilson, global head of exchange traded markets at Reuters, says access to the Cbot brings added-value to Reuters customers.

Wilson says Cbot's support for the service "shows the strength of this proposition, and is a powerful illustration of the shift to electronic trading in commodities and derivatives market".

Reuters says Trading for Exchanges also provides an opportunity for broker dealers to access and market their service to a vast buy-side community.

Deutsche Bank, Barclays Capital and Fimat International Banque were the first to sign up to offer trade execution and clearing services, with more brokers, including ABN Amro Futures, exected to join before launch.

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