Thomson Reuters integrates Tradeweb equity services into exchange traded offerings

Source: Thomson Reuters

Thomson Reuters today announced that it has strengthened its exchange-traded offerings by drawing on assets from Tradeweb, a leading over-the-counter, multi-asset class, online marketplace owned by Thomson Reuters and 10 leading dealers.

As part of the integration of the former Thomson Financial and Reuters suites of products, the company has added Tradeweb's AutEx data into its premium desktop products and interconnected Tradeweb Routing Network and Reuters Order Routing. The combination of these world-class offerings provides powerful trading and routing capabilities to the sell- and buy-side communities.

Following today's announcement, Reuters 3000 Xtra and Reuters Station customers can access the recap screen of AutEx, the world's premier order indication and advertised trade service. This supports real-time, targeted (and broadcast) messages in single securities and provides financial market professionals access to the largest and broadest pool of global trading liquidity.

AutEx has been an industry leader in liquidity discovery for 40 years. Advertising dealer Indications of interest ("IOIs") and trade advertisements to the global buyside community on AutEx enables institutions to identify the optimal trading partner. AutEx will continue to be available through Thomson ONE, autex.com and leading order management systems.

The interconnectivity of Tradeweb Routing Network and Reuters Order Routing's broker-neutral hub-and-spoke networks enables market participants to trade within a significantly expanded community. The joint communities process in excess of 1.5 billion shares per day and connect over 1000 participants worldwide.

Stephen Wilson, Global Head of Exchange Traded Instruments at Thomson Reuters, said, "This is a time of unprecedented change for our customers who are facing increasing regulation, greater automation of trading and fragmenting liquidity. The integration of AutEx into our desktops and the connection of the two order routing networks is an integral part of Thomson Reuters strategy to provide our customers with the content, transaction and analytical capabilities they need."

Albert Lojko, Managing Director and Head of Equities at T Tradeweb, said, "The customers of Tradeweb and Thomson Reuters will be the real winners of this integration, which combines a leading source of block liquidity with the distribution of a world-class news and information community. This move underlines the commitment of AutEx to provide a global source of much-needed transparency at a time of increasing market fragmentation and the proliferation of dark liquidity."

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