The first brokers live on the RTEx platform are Barclays Capital, Deutsche Bank, FIMAT International Banque S.A and Bear Stearns. Dresdner Kleinwort will go live in November, while Calyon Financial, HSBC, JP Morgan, Rabo Securities and SEB Futures will be live by the end of Q4 2006.
The launch of Reuters Trading for Exchanges illustrates Reuters strategy to build its electronic trading capabilities – a significant part of its Core Plus growth plans. Its availability completes coverage of major asset classes available for trading through the Reuters desktop. It also builds on the growing buy- and sell-side base it has built through its other desktop trading services, Reuters Trading for Foreign Exchange and Reuters Trading for Fixed Income.
Reuters Trading for Exchanges is available via a number of Reuters existing desktop services, including Reuters 3000 Xtra, Reuters Trader for Commodities and, shortly, Reuters Trader, which have about 120,000 users worldwide, but will be extended to other Reuters desktop products a potential community of over 300,000 users.
We are bringing together the foremost community of buy- and sell-side customers across our trading products, the attraction of which is translating into more sales for Reuters desktop products, Stephen Wilson, Reuters global head of exchange traded instruments.