Leading Brokers and Banks to Implement Reuters Post Trade Notification Service.LONDON -- Reuters (LSE LSE - Language Sensitive Editor : RTR RTR Ready To Run RTR Rundfunk & Telekom Regulierungs Gmbh RTR Rotor RTR Radio e Televisiun Rumantscha (Romansh Radio and Television, Switzerland) RTR Response Time Reporter RTR Ready To Race RTR Ready to Roll ; NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : RTRSY) today unveiled a new secure trade notification system A modern notification system is a combination of software and hardware that provides a means of delivering a message to a set of recipients. For example, notification systems can send an e-mail when a new topic has been added to Wikipedia. that enables financial institutions to manage their trading capital and risk exposures better as well as improve operational efficiency. The service has been selected by several leading institutions - including ICAP (1) (Internet Content Adaptation Protocol) A high-level protocol for requesting services from an Internet-based server. iCAP provides a common format for requesting services using standard HTTP messaging. Plc, RP Martin Brokers, Calyon and Lehman Brothers. This service further supports Reuters growth aims in the electronic trading arena. Don McClumpha, Managing Director of Electronic Broking Bro´king a. 1. Of or pertaining to a broker or brokers, or to brokerage. Redeem from broking pawn the blemished crown. - Shak. at ICAP, said: "Direct integration of ICAP's voice and electronic broking systems with those of our customers is a key part of our technology strategy. Using additional channels like RTNS RTNS Rotating Target Neutron Source RTNS Real Time Net Settlement System RTNS Re-Transmission extends direct integration. We can rapidly transfer post trade information and improve the operating efficiencies of those banks where direct integration would be both costly and time consuming." Reuters Trade Notification Service (RTNS) is a trade messaging hub that facilitates the electronic transfer of all trade related messages. The service is already operational and is undergoing a controlled introduction. Initially, RTNS will focus on trade affirmation and confirmation, and will be expanded to cover allocation and settlement instructions, amongst others. The service will support industry standard message formats such as FIX, FPML and TWIST as well as provide direct connectivity into risk and trade management systems, such as Kondor+. RTNS supports FX spot, FX forwards, non-deliverable forwards, FX swaps and currency deposits and will be expanded to cover FX options, fixed income, interest rate and credit products over the coming months. ICAP went live on RTNS earlier this year and banks including Calyon and Lehman Brothers will follow later this year. RP Martin, which will go live later this month, selected Reuters Trade Notification Service after conducting a thorough review taking cost considerations and customer needs into account. Their customer feedback reflected the need for a consolidated 'Community of Interest Network' where multi-contributor sources can provide straight through processing In financial technology, the ability to process a stock transaction by computer from beginning to end without manual intervention at any of the stages. in a single system. David Caplin, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of RP Martin Brokers, commented: "RP Martin is pleased to be working with Reuters at the forefront of this technology initiative, designed to link the financial services community better and establish best market practice. We have already received positive feedback from our customers and aim to continue to match customer demand with new initiatives like RTNS. We believe RTNS is a comprehensive service utilising the Reuters global presence, thereby reducing time consuming and costly deployment issues often experienced with alternative approaches." Banks and brokers can use the service to deliver trade related messages electronically to their respective counterparties. In addition, RTNS will act as a single straight through processing channel for Reuters new trading platforms, including the recently launched Reuters Trading for Fixed Income, Reuters Trading for Foreign Exchange, CME CME See: Chicago Mercantile Exchange CME See Chicago Mercantile Exchange (CME). FX on Reuters and Reuters Electronic Trading - Automated Dealing. "The more complex the instrument, the more costly and complicated it is to process the transaction, especially given the number of technologies employed by the involved parties. The release of RTNS is in direct response to customer needs and allows users to lower their costs and operational risk by supporting all trade related messages - whether conducted by voice or over an electronic platform," commented Rich Kiel, Senior Vice President of Transactions, Reuters. "With the broadest community and distribution network, Reuters has the unique position to make the service a success." Note to Editors: Reuters (www.about.reuters.com), the global information company, provides indispensable information tailored for professionals in the financial services, media and corporate markets. Its trusted information drives decision making across the globe based on a reputation for speed, accuracy and independence. Reuters has 15,300 staff in 91 countries, including staff from the acquisition of Moneyline Telerate in June 2005. It also includes 2,300 editorial staff in 196 bureaux serving 129 countries, making Reuters the world's largest international multimedia news agency. In the 2004 Reuters Group revenues, including those of Instinet Group, were GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2.9 billion. From July 2005, Instinet Group is being treated as a discontinued operation discontinued operation A segment of a business that has been abandoned or sold or for which plans for one or another of these actions have been approved. See also continuing operations. in the profit and loss account. Reuters and the sphere logo are the trade-marks of the Reuters group of companies. |
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