New FIX Trading Linkage Will Tap ArcaEx Liquidity
London - Global information company Reuters, (LSE: RTR.L, NASDAQ: RTRSY) today announced the successful activation of a direct trading link with the Archipelago Exchange (PCX:AX), the first totally open all-electronic stock exchange in the United States. The linkage is now live and provides Reuters Order Routing for Equities users with a direct FIX connection for the sell side and broker-sponsored access for the buy side to ArcaEx’s electronic exchange platform.
The Reuters Order Routing network offers users a trading solution that quickly and seamlessly links Reuters growing global community of around 500 institutions and 200 broker-dealers, with multiple execution venues via an open and neutral order routing hub.
Leigh Henson, Director of Institutional Equities at Reuters, comments: "We’re very pleased to have joined forces with ArcaEx as the relationship plays to both parties’ strengths. By combining ArcaEx’s execution capabilities with Reuters global equities trading community, this relationship grows our global trading platform and enables easy access to execution on the Archipelago platform."
According to ArcaEx Managing Director Jenny Drake, "We are excited to partner with Reuters and look forward to providing the trading community with access to an electronic exchange platform that is both open and transparent. The connection to the Reuters Order Routing network provides another way for traders to reach ArcaEx for order routing and direct market access utilising the FIX protocol."
Both buy side institutions and broker-dealers can access a wide range of institutional and equities program trading desks worldwide via Reuters order routing capabilities, including advanced trading functionality from execution venues and algorithmic trading tools from the world’s top brokers.
Platform to Engage Growing Global Community of Women in Risk, Regulation and Compliance. The Risky Women® network has unveiled the launch of ...View article
Thomson Reuters Checkpoint Catalyst has released a Topic on the U.S. federal transfer pricing rules to help multinational corporations and their advis...View article
Thomson Reuters today announced it is collaborating with Salesforce to help clients quickly and efficiently on-board new customers and meet regul...View article