Prime Brokerage for Matching on Reuters allows an institution (Prime Broker Client) to be able to trade on Reuters Matching in the name of and utilising the credit of another bank (Prime Broker). The Prime Broker Client can trade spot instruments manually via a Reuters Dealing 3000 keyboard and keypad or programmatically by using the Reuters AutoQuote API (application programming interface) residing on a Matching keystation.
Prime Brokerage for Matching on Reuters provides anonymous direct market access via a Prime Broker, to best prices in a wholesale matching community comprising over 1,100 institutions in over 45 countries trading 54 currency pairs.
Benefits
- Direct Market Access
- Ability to enter bids and offers
- Cost reduction
- Reduced settlement risk
- Full STP and audit trail of transaction activity
- Access to real time price feed data
- Access to Dealing on Reuters
- Global currency pair coverage
- API access available for model trading
Features
- Dedicated and specialised keypads
- Customisable premium desktop
- Active markets
- Aggregate pricing
Technical Specifications
Prime Brokerage for Matching on Reuters requires a C3 (Concentrator), a TCSS (Dealing Server) and Dealing Keystations to be installed at the Prime Broker Client site (PBC). The PBC will connect directly to and be able to trade on the Matching Host. However, control of who the PBC can trade with and credit limits are set by the Prime Broker using an STU-Special Ticket User and a Credit keystation.
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