Thomson Reuters today announced that it has improved performance and transparency for customers of its Autex FIX order routing network with two strategic enhancements.
The Company has moved its global FIX order routing system, Autex Trade Route, onto its Elektron network, improving performance for over 750 buy-side firms and 700 executing brokers and venues using the service. Additionally, Thomson Reuters announced the launch of Autex Client Portal, the first tool of its kind among FIX network providers, to give system administrators at financial services firms a real-time, interactive view of network status and trading activity both within the firm and across counterparty connections, enabling greater operational risk management.
Financial markets professionals continue to look for ways to reduce latency and improve resiliency across their business in order to keep pace with the increasing speed of today's markets and ensure proper business continuity measures are in place. Thomson Reuters Autex Trade Route is now powered by Thomson Reuters Elektron, the Company's next generation network, delivering improved resiliency and reduced latency to financial institutions and trading venues around the world. Autex Trade Route customers can now take advantage of the performance improvements offered by Elektron's regional routing hubs in key financial centers around the globe.
In addition, in today's environment of constantly evolving regulation, financial markets firms are feeling increasing pressure to enhance internal monitoring measures into every aspect of their trading operations to better assess their risk profile. The new Autex Client Portal allows firms to monitor multiple aspects of a trade in real-time ranging from a firm's own connection status to counterparty connection status, real-time service alerts, capacity utilization, order flow metrics, and contact lists. Access to this tool provides buy and sell-side customers on Autex Trade Route with the enhanced management and support tools they need to effectively monitor operational risk.
"These latest enhancements to Autex Trade Route empower our buy and sell-side customers with the tools and technology they need to stay ahead in today's constantly evolving trading world," said Rob Hegarty, managing director and global head of equities, Thomson Reuters. "The migration of Autex Trade Route onto the Elektron network allows our customers to benefit from reduced latency and improved resiliency. In addition, the new Autex Client Portal provides our customers with a level of insight into operational risk that is unmatched in the industry today."
Thomson Reuters Autex Trade Route delivers order flow of two billion shares per day in equities, options and futures, as well as FX and fixed income. Thomson Reuters Autex is also the world's premier order indication and advertised trade service, providing market professionals access to the largest and broadest pool of global trading liquidity. It receives streaming indications of interest from trading partners across the globe, and processes more than five million messages per day.
Thomson Reuters Elektron is a suite of trading and data propositions that power the enterprise and connect global markets. The suite includes feeds, analytics, an enterprise platform, transactional connectivity and managed services as well as the Elektron network which delivers improved latency, resiliency and performance to Thomson Reuters strategic products. Elektron delivers low latency feeds from more than 400 exchange-traded and OTC markets, along with analytics, distribution platform and transactional connectivity to support any financial workflow application. Elektron also powers the Company's flagship desktop, Thomson Reuters Eikon, bringing our global infrastructure to the fingertips of financial professionals, wherever they are and whatever their role. All of these capabilities can be deployed at a customer location or delivered as a fully managed service from any one of Thomson Reuters co-location and proximity hosting sites around the globe.