Thomson Reuters has upgraded its Electronic Trading platform by integrating liquidity from its multi-bank platform FXall into the ET platform for the first time.
The Electronic Trading platform has had enhancements to its core-pricing engine to increase the execution speed on the platform and additional auto-execution and smart-order routing methods have also been added.
The purpose of the latter is to improve pricing accuracy and reduce market impact of trade execution, the company said in a statement.
Finally, the company has redesigned what the user sees and business intelligence tools have been added to assist in execution analysis, trend spotting and quant analysis of transaction data.
In a statement detailing the changes, Neill Penny, head of workflow management at Thomson Reuters, said his customers need flexible trading platforms to continue to forge direct connections with their customers electronically.
He explained: “They need tools that provide control over electronic pricing, distribution and hedging to meet the growing demands of their client base and improve internal efficiency through automation.
“Against a backdrop of market scrutiny, the need for increasing transparency and trade reporting will only see an increased adoption of electronic FX trading around the world.”