OptionsCity Software, a global provider of futures and options trading and analytics solutions, today announced that City Execution, built on its REST-based City API, will power execution functionality on Thomson Reuters Eikon.
Eikon is one of the leading sources of news, data and analytics for financial firms. City Execution will enable Eikon commodity and energy customers to execute futures and options trades within the Eikon desktop eliminating the need for alternative execution platforms and associated market data fees.
"Market opportunities are fleeting, so being able to execute trades in reaction to Eikon's market news and data in just a few clicks is critical," said Leigh Henson, global head of energy markets at Thomson Reuters. "City Execution allows our global customers to easily and seamlessly connect to robust futures and options execution functionality, providing a strong value proposition for an integrated user experience."
OptionsCity and Thomson Reuters expect the execution functionality to be particularly beneficial for traders in energy and commodity products. City Execution will be available as a downloadable add-on from the Eikon App Library.
"When we created City API, we knew it had the potential to bring innovative new data and execution opportunities for a wide variety of customer types - from trading firms to multinational companies," said Daniel Rooney, VP of Global Sales at OptionsCity. "That promise is being realized by bringing City Execution together with the Eikon desktop to the Thomson Reuters global commodity and energy customer base."