LONDON (HedgeWorld.com)–Reuters is offering its desktop terminal customers a fixed-income trading capability, featuring access to a range of tradable instruments from a number of global dealers.
The new capability will let banks extend tradable prices over the 327,000 Reuters desktop units now in use, according to the company, best known for its news and information services. Institutions connected to the Reuters trading network include ABN AMBRO, Deutsche Bank, Dresdner Kleinwort Wasserstein, Goldman Sachs, JP Morgan, Rabobank, RBC Capital Markets and UBS. Others are expected to join in 2005.
The trading setup will provide asset managers with real-time, executable prices from more than 12,000 fixed-income securities across 21 currencies, allowing users to search for depth of liquidity on individual bonds or go straight to the trade ticket.
“Working with Reuters will allow us to further expand the reach of our prices and our distribution capabilities by offering an alternative channel for clients to connect to us,” said Carl Norrey, head of flow distribution at JP Morgan, in a statement. “We are pleased to be committed to Reuters Trading for Fixed Income and to see Reuters take advantage of its significant desktop franchise to serve the fixed income market in this manner.”
The fixed-income feature supports both bilateral and multilateral trading models, via a single sign on the Reuters desktop. It allows users to send orders for automatic execution to a preferred bank or to send a request for quotes from a number of liquidity providers.
The fixed-income trading capability will initially be available as part of the Reuters 3000 Extra desktop unit and subsequently Reuters Trader.
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