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Reuters to Launch New Electronic Trading Capability.


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 an electronic trading This article or section is in need of attention from an expert on the subject.
Please help recruit one or [ improve this article] yourself. See the talk page for details.
 capability for professionals dealing in exchange traded markets. Reuters Trading for Exchanges will, for the first time, allow buy-side users to discover the price of an instrument, select from a range of brokers with which to trade and execute a trade, all from a single screen. Sell-side brokers will benefit from access to Reuters global community of desktop users, and the opportunity to target trading strategies at the buy-side. Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank , 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
 and FIMAT FIMAT Fleet Installation Management Action Team (US Navy NAVSEA Undersea Warfare Center)  International Banque S.A. are the first to sign up to offer trade execution and clearing services, with more brokers, including ABN Amro Futures, committed to joining during 2006.

The launch of Reuters Trading for Exchanges completes coverage of all major asset classes available for trading via Reuters desktop products. It is part of Reuters Core Plus growth strategy and builds on the growing buy- and sell-side base Reuters has built through its other trading services, Reuters Trading for Fixed Income and Reuters Trading for Foreign Exchange. Initially, Reuters Trading for Exchanges will be available via Reuters 3000 Xtra and Reuters Station, which combined have around 120,000 users worldwide, but will be extended to other Reuters desktop products - a potential community of over 300,000 users.

Through Reuters Trading for Exchanges, users will be able to enter an order for any exchange traded instrument supported by participating brokers. They will also have access to other services including individual trading strategies and algorithmic trading Algorithmic Trading

A trading system that utilizes very advanced mathematical models for making transaction decisions in the financial markets. The strict rules built into the model attempt to determine the optimal time for an order to be placed that will cause the least amount of
 engines offered by execution and clearing brokers. Orders will be transmitted to participating brokers using industry standard FIX messaging.

Mark Redwood, Managing Director of Reuters Sales & Trading Division, said, "The growth of trading in exchange listed instruments has been exceptional. Last month CME CME

See: Chicago Mercantile Exchange


CME

See Chicago Mercantile Exchange (CME).
, the largest Futures Exchange Futures Exchange

Traditionally, a term referring to a central marketplace where futures contracts and options on futures contracts are traded. More recently, with the growth in electronic trading, it is also used to describe the activity of futures trading itself.
 in the US, announced a fifth straight year of record annual traded volume. Reuters is the first company to offer a broker-neutral global trading capability in exchange traded instruments and its addition completes coverage of major asset classes available for trading through the Reuters desktop."

Mario Muth, Global Head of E-Trading for listed derivatives at Deutsche Bank, said, "The combination of Deutsche Bank's extensive Exchange Connectivity and the strength of Reuters global distribution capabilities is a very powerful value proposition. This partnership allows a broader trading community to access exchange traded instruments and will help to increase the existing liquidity for all market participants."

Lawrence Peirson, Director of European Futures at Barclays Capital, said, "Barclays Capital is pleased to extend its market-leading futures liquidity to Reuters Trading for Exchanges. In addition to our BARX application, clients will now be able to access our connectivity to over twenty global futures and options exchanges via Reuters expansive global network."

Anna Pesman, Director of E-Trading Europe at FIMAT International Banque S.A., said, "Reuters Trading for Exchanges opens up an important new distribution channel for our global order routing product. We look forward to working with Reuters to facilitate access to trading on over sixty exchanges to both existing and new customers."

Ends

Reuters (www.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 89 countries, including staff from the acquisition of Telerate in June 2005. It also includes 2,300 editorial staff in 189 bureaux serving 128 countries, making Reuters the world's largest international multimedia news agency. In 2005, Reuters 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.
 2.4 billion.

Reuters and the sphere logo are the trade-marks of the Reuters group of companies.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:4EUGE
Date:Mar 6, 2006
Words:610
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