Rules-Based Order Routing enables trading efficiencies by allowing traders to prioritize orders across asset classes
Dubai, UAE, July 11, 2018: Thomson Reuters has introduced Rules-Based Order Routing (RBOR) to its trading capabilities, enabling traders to automate workflows in a highly flexible, customizable, and cost-efficient way. Thomson Reuters RBOR is both multi-asset and global in scope.
RBOR gives traders the ability to set a number of order routing rules that determine which trades should be handled automatically or through manual intervention. This functionality allows traders to configure policies that both enable and demonstrate best execution compliance. Based on a trader's pre-determined preferences, RBOR automatically routes orders to a broker, or multiple brokers and/or algos, for execution, and a trader can monitor automated trades in real-time for quality assurance.
“RBOR delivers a streamlined and efficient tool for traders to focus on the most-high value trades that may demand more time and expertise,” said Michael Chin, co-head of Trading, Thomson Reuters. “With RBOR, users have ultimate control over their electronic trading needs, with full end-to-end visibility and support for regulatory compliance. This solution furthers Thomson Reuters portfolio of global, multi-asset trading capabilities that empower financial professionals to trade smarter, faster, and with confidence.”
RBOR is currently being offered to clients that stage orders into Thomson Reuters REDI via FIX, and will soon be available for orders routed via the Thomson Reuters Autex Trade Route service.
Thomson Reuters REDI is an integrated workflow solution that brings advanced, broker-neutral, trade execution management to the buy-side. It offers cross-asset trading workflow functionality, powerful workflow and compliance tools, and rich analytics via desktop application, cloud, mobile or API. Users can route equities, futures and options orders to over 800 brokers across more than 80 countries. REDI is interoperable with Thomson Reuters flagship financial desktop Eikon, giving REDI users seamless access pre-trade content and functionality to support their trading workflow.
More on Thomson Reuters trading capabilities is available here.