Reuters Order Routing for Equities enables buy side firms to maximize liquidity, whilst helping sell side institutions to attract maximum order flow.
Buy side firms get access to our growing, broker-neutral community of broker/dealers, exchanges, crossing networks, automated trading systems and ECNs. The result is superb connectivity to many sources of liquidity.
For the sell side, our links to over 500 institutions – including nearly all major buy side firms in the US – provide a rich source of potential orders.
And for any firm, Reuters Order Routing for Equities provides a key component of your STP solution, helping you to process equities transactions seamlessly from the front to the back office.
With Reuters Order Routing for Equities, you can:
- Reduce costs by accessing real-time market data, order indications and order routing, all one the same network
- Improve efficiency using a single FIX connection that eliminates the need to monitor point-to-point connections for each broker.
- Rely on automatic safeguards because you can configure servers at multiple sites to route via our network
- Add new brokers with ease, creating new connections overnight
- Access dedicated customer service from the Reuters Order Routing for Equities Operations Group, which monitors connections 24/7
Why choose Reuters Order Routing for Equities?
- Attract Orders: Connections to over 500 buy side firms help sell side firms to build order flow
- Maximize liquidity: Our broker-neutral network links buy-side institutions to many different sources of liquidity
- Kick-start STP: Reuters Order Routing for Equities helps to enable straight-through processing from the front to the back office
Features
- Program Trading Module: Import or create baskets of orders, trade equity orders of any size and trade multiple lists in 'waves' for efficient program trading.
- Single Order Entry: Send single orders of any size to a specific broker
Limit and market pricing: Easily set limit and market prices and create average pricing for your orders - Real-time Data Links: Current bid, ask, quote size, last sale, offer, volume, spread and daily change are displayed As soon as a security symbol is entered
- Order Indications: Set a watchlist for specific brokers and order types
- Order Tracking: Monitor the progress of limit or working orders from routing and execution to end-of-day reports and accounting systems.
- Cancel and Cancel/Replacement: Cancelled orders follow the path of the original order and multiple orders can be cancelled conveniently with a single request.
- Preference Menu: Set options for default brokers, accounts and pricing.
- Order Import/Export: Import files using many formats, including files generated by modelling or portfolio accounting systems.
Execution Venues
| NYSE - DOT, BBSS, NYSE Direct+, Xpress | Instinet |
| ASE | ECNs - BRUT/REDI |
| Regionals - PHLX, PSE, BSE, CSE | CROSS NETWORKS - ITG/POSIT |
| Madoff, Trimark |
| Herzog, Schwab |
| BRASS |
| 250 European destinations through Reuters IOE |
| 60 Canadian broker dealers via Reuters CXTrader |
| BRASS | NYFIX |
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