Global information company Reuters, (LSE: RTR.L, NASDAQ: RTRSY) today announced an agreement with Beauchamp Financial Technology (BFT), a global provider of order management and portfolio management solutions to asset managers.
Beauchamp's OrderManager now has an out-of-the-box connection to Reuters Order Routing (ROR), bringing hedge fund managers access to Reuters global network of over 200 brokers.
ROR offers a user-friendly trading solution that quickly and seamlessly links Reuters growing global community of institutions, broker-dealers and execution venues via an open and neutral order routing hub. Both buy-side institutions and broker-dealers can access a wide range of institutional and equities program trading desks worldwide via Reuters order routing capabilities, including advanced trading functionality from execution venues and algorithmic trading tools from the world's top brokers.
Beauchamp OrderManager enables fund managers and traders to electronically manage the order process, from inception through to execution and allocation. OrderManager makes use of FIX technology to send and receive electronic messages via ROR to and from executing brokers, ECNs and other pools of liquidity. OrderManager's full integration with the Beauchamp FundManager portfolio management system means that electronic trades are automatically booked to the database and reflected in portfolio and P&L reports immediately. FundManager then automatically reconciles trade files with prime brokers and administrators, delivering straight through processing from the front office to the back office.
Leigh Henson, Director of Institutional Equities at Reuters comments: "Having a connection to Beauchamp allows us to increase order flow from the hedge fund community to Reuters global, broker-neutral network. This connectivity is another example of the growth in our global trading platform."
Clare Flynn, President of Beauchamp Financial Technology comments: "Connecting OrderManager to the Reuters network provides Beauchamp users with an even wider variety of methods, brokers and venues for trading, without the need for re-keying trades. This technology is about helping fund managers maximise efficiency, and therefore returns."