Qatar's Ahlibank QSC connects to Reuters equities order routing service

Source: Reuters

Qatar based Banking Group, Ahlibank QSC, today announced it has joined Reuters equities transaction community through the Reuters Order Routing for Equities service.

Having completed the technical setup it is now able to receive orders to trade on behalf of its clients. It is the first broker in the Middle-East area offering execution via Reuters Order Routing for Equities.

Reuters Order Routing for Equities offers a user-friendly trading solution that quickly links Reuters growing global community of institutions, broker-dealers and execution venues via an open and neutral order routing hub. It is a global network of around 200 brokers and 500 buy-side institutions.

The solution supports all widely used versions of the FIX messaging protocol, a technical specification for electronic communication of trade-related messages. It enables clients to send orders over Reuters Order Routing for Equities from within the Reuters Information Desktop or via other third party order management systems certified with the service.

John Tuke, Head of Treasury and Investments at Ahlibank QSC said: "We're happy to receive institutional customers orders through this method, as it allows us to improve the efficiency of our brokerage services and enables us to access a wider client base."

Jean-Marc Paufique, Reuters Managing Director for the Middle East and Africa, comments: "I'm delighted Ahlibank QSC is now live and operating within the Reuters Order Routing for Equities community - the first bank to do so within the Gulf Cooperation Council (GCC). Secure connectivity and cost-efficient order routing is greatly facilitating our institutional customers' business workflows globally and will be a major benefit for Reuters users in the Middle East. It will extend their regional reach in this fast growing market. We look forward to many more clients joining the new Reuters GCC Equity trading community."

Comments: (0)