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New Banks Join Reuters Fixed Income Trading Service.


LONDON -- Reuters (Nasdaq:RTRSY)(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
) today announced that eight new banks plan to join its recently launched fixed income trading service, bringing the total numbers of banks committing to Reuters Trading for Fixed Income to 20. Barclays Capital Barclays Capital is the investment banking division of Barclays plc. It is a primary dealer in U.S. Treasury securities and various European Government bonds.

Barclays Capital is led by CEO Robert (Bob) Diamond, an American who had been vice-chairman of Credit Suisse First
, Calyon, Danske Bank Danske Bank is a Danish bank. It was founded 5 october 1871 as Den Danske Landmandsbank, Hypothek- og Vexelbank i Kjøbenhavn (The Danish Farmers' Bank, Mortgage and Exchange Bank of Copenhagen). , HSBC HSBC Hongkong and Shanghai Banking Corporation
HSBC Humane Society of Broward County (Florida)
HSBC Humane Society of Bay County (Bay County, Michigan) 
, HypoVereinsbank, IXIS CIB CIB
abbr.
Latin cibus (food)
, Societe Generale Corporate and Investment Banking and West LB will be joining Reuters Trading for Fixed Income which allows banks and financial institutions to trade fixed income securities over their Reuters desktops.

Reuters Trading for Fixed Income (RTFI RTFI Read the Friendly Instructions ) was launched in February with the commitment of 12 leading fixed income banks including ABN AMRO, BNP Paribas, Commerzbank, Deutsche Bank, Dresdner Kleinwort Wasserstein, Goldman Sachs, JPMorgan, Rabobank, RBC Capital Markets RBC Capital Markets is the corporate and investment banking division of Royal Bank of Canada ("RBC"). Broker dealers
Depending on the jurisdiction, the division uses different broker dealer subsidiaries of RBC:
  • Canada: RBC Dominion Securities Inc
, Lehman Brothers, Morgan Stanley and UBS UBS Union Bank of Switzerland
UBS United Bible Societies
UBS United Blood Services
UBS United Buying Service
UBS Used Bookstore
UBS University Business Services
UBS Universal Building Society (UK)
UBS Ulaanbaatar Broadcasting System
.

The company also announced further enhancements to the service. Reuters and JPMorgan announced that JPMorgan is the first bank to go live with RTFI's new "FIX 4.4" interface. This FIX interface supports both market standard trading models of competitive 'request-for-quote' and 'click-to-trade'. FIX or Financial Information eXchange protocol is a well-established market standard in the equities arena which provides a common, global language for electronic trading. Reuters is one of the first vendors to deliver a FIX 4.4 compliant interface for fixed income trading, further illustrating Reuters commitment to open systems and the implementation of market standards.

Reuters has also enhanced the integration of Reuters Messaging with RTFI. Reuters Messaging allows fixed income professionals to improve their communication workflow. The latest version allows users to easily illustrate and support market advice by easily sending graphs, news, quotes and company data from Reuters products through a simple drag-and-drop functionality. Users can also boost customer relations with the 'contact manager' and 'archive' features which track when conversations last took place and what was discussed.

Martin Haines, Global Head of Sales, Reuters Trading for Fixed Income, said: "Reuters is really pleased with the steady take-up and interest in Reuters Trading for Fixed Income and the good support from our price maker customers. The continued on-boarding of our price making banks and now the assets from the Telerate acquisition will further support the growth of RTFI."

Reuters Trading for Fixed Income allows asset managers, hedge funds and corporate treasurers to trade more than 15,000 cash fixed income securities, such as domestic and international corporate, government and emerging market bonds, across 25 currencies.

RTFI is showing at the Trade Tech in Paris this week. For more information on RTFI see: http://about.reuters.com/productinfo/tradingfi/.

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 14,500 staff in 91 countries. This includes 2,300 editorial staff in 196 bureaux serving 129 countries, making Reuters the world's largest international multimedia news agency. In 2004, Reuters Group revenues 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.

Reuters and the sphere logo are the trademarks of the Reuters group of companies.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 29, 2005
Words:512
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