Thomson Reuters Trading for Exchanges -- 115% Increase in Orders Routed So Far in 2009.Summary: Thomson Reuters today announced that the total number of shares routedThomson Reuters today announced that the total number of shares routed daily via its Thomson Reuters Trading for Exchanges execution management system grew by over 115% from January 2009 to September 2009. The huge growth in executed trading volume has been directly related to the growth in participants from the Middle Eastern market. This reinforces Thomson Reuters position as the leading electronic financial information and trading provider in the region. During the same period, 13 new executing brokers were added to its Trading for Exchanges global network adding powerful momentum. This order routing network allows financial market professionals to electronically route orders for exchange traded instruments such as equities, futures, commodities and energy derivatives to an ever growing and global community. Basil Moftah, Managing Director for Thomson Reuters in the Middle East and Africa said, "Brokers in the Middle East are putting more volumes through our Thomson Reuters Trading for Exchanges network in efforts to reduce their trading costs. We hope to build on this momentum by adding further brokers throughout the rest of the year. Markets across the Middle East and Africa continue to exhibit compelling growth prospects which could lead to further increases in trading volumes". Firms both inside and outside the region including EFG-Hermes who joined in March this year, use Thomson Reuters Trading for Exchanges to access liquidity from the largest markets in the Middle East and Africa region including; Abu Dhabi Securities Exchange (ADX), Bahrain Stock Exchange The Bahrain Stock Exchange (BSE), was established in 1987 by Amiri Decree No.(4) and officially commenced operations on June 17, 1989 with twenty-nine listed companies. Currently, there are 50 companies listed on the exchange. (BSE See Bombay Stock Exchange. BSE See Boston Stock Exchange (BSE). ), Dubai Financial Market (DFM), Dubai Multi Commodities Centre (DMCC DMCC Dubai Multi Commodities Centre DMCC Data Management and Coordinating Center DMCC Data Management Coordinating Committee DMCC Diploma in the Medical Care of Catastrophes DMCC Division Movement Control Center DMCC Depot Maintenance Control Center ), Doha Securities Market The Doha Securities Market is the principal stock market of Qatar. The market was founded in 1997 and is located in the capital city of Doha. Its name is abbreviated to DSM. The DSM's principal stock index is the DSM-20, composed of 20 major company listings, or equities. (DSM 1. DSM - Data Structure Manager. An object-oriented language by J.E. Rumbaugh and M.E. Loomis of GE, similar to C++. It is used in implementation of CAD/CAE software. DSM is written in DSM and C and produces C as output. ), Egyptian Exchange (EGX), Johannesburg Stock Exchange Johannesburg Stock Exchange (JSE) Established in 1886, the Johannesburg Stock Exchange is the only stock exchange in South Africa. Gold and mining stocks form the majority of shares listed. (JSE JSE See: Johannesburg Stock Exchange ), Kuwait Stock Exchange (KSE), Muscat Securities Market The Muscat Securities Market is the principal stock exchange of Oman. It is located in Muscat and it was founded in 1988. Its name is abbreviated to MSM. Operations MSM-30 stock index The principal stock index at the MSM is the MSM-30. (MSM MSM - Micronetics Standard MUMPS ), Nasdaq Dubai and Tadawul Saudi Arabia. Thomson Reuters Trading for Exchanges is available to users of Reuters 3000 Xtra. Utilising the interconnectivity between the Thomson Reuters Order Routing network and the Tradeweb Routing network, it allows access to a combined community comprising more than 1,200 participants. Thomson Reuters opened its first office outside Europe in Alexandria, Egypt, in 1865. The company provides comprehensive coverage of Middle East and African markets including real-time information from all major equity markets, funds, indices and money markets. Customers can access data on Sukuk, Islamic loans and other Islamic instruments, plus strong regional news coverage including an Arabic news service. Thomson Reuters provides broad trading capabilities for listed instruments as well as foreign exchange and money markets. 2009 Al Bawaba (www.albawaba.com) 2009 Al Bawaba (Albawaba.com) Provided by Syndigate.info an Albawaba.com company |
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