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Thomson Reuters launches Aggregation and Algo Trading Capability to the Thomson Reuters Dealing Community

Thomson Reuters Dealing Aggregator addresses algorithmic execution and liquidity management across multiple venues.

Thomson Reuters announced today that it has launched a new FX aggregation service, available exclusively to users of the Thomson Reuters Dealing service on a proprietary or hosted basis. Thomson Reuters Dealing Aggregator addresses FX algorithmic execution and liquidity management requirements across multiple venues, providing sophisticated tools for management and analysis to FX traders. The growing market in aggregation and algorithmic trading has seen significant adoption of the platform, across the global, regional and buy-side client base of Thomson Reuters.

Jas Singh, Global Head of Treasury, Thomson Reuters, said: "We are delighted to be extending the range of services available exclusively to our Thomson Reuters Dealing clients. The tools deliver a level of intelligence and control that supports management of the most sophisticated algorithmic trading strategies across multiple venues simultaneously. Aggregation is growing in the FX market across all customer segments and we are confident that this development will be of real benefit to our clients, who will be able to access our Spot Matching venue as well as third-party liquidity pools.”

Paul Allmark, Global Head of Electronic Trading, Thomson Reuters, stated: “Thomson Reuters Dealing Aggregator fully normalises banks’ and venues’ business logic across the entire trading workflow, not just the basic messaging. This means that we are the only provider that can genuinely offer simultaneous trading of synthetic cross pairs and futures liquidity across all FX venues, from banks, to ECNs, to exchanges. All of the major liquidity pools are supported. With the service available on a hosted basis, and all of the features exposed via a high-performance API, we have a winning solution out-of-the-box that can be rapidly implemented and customised."

Thomson Reuters Dealing Aggregator is designed for market-makers using automated trading technology, buy-side desks seeking minimal market impact and high-frequency proprietary traders who want to access the liquidity of major banks, brokers and other ECNs, such as Thomson Reuters Spot Matching. The service provides a common set of algorithms as standard, but also gives customers the ability to implement their own logic for more customised execution and liquidity management capabilities. The new service provides features such as full support for synthetic FX cross pairs, including intelligent management of leg risk, and consolidation of Futures prices into a single aggregated spot liquidity pool.

Thomson Reuters Dealing Aggregator also interfaces with Reuters Electronic Trading for end-to-end distribution and liquidity management. It includes real-time position keeping and P&L functionality, along with an open, feature-rich API framework for ease of integration with other systems.