Reuters launches post-trade service
LONDON – Reuters has moved into the post-trade market with the launch of Reuters Trade Notification System (RTNS). The global information provider conducted beta-testing with inter-dealer broker Icap over the summer and at the end of October connected to the wider market, having signed Calyon, Lehman Brothers and Martin Brokers.
Reuters developed RTNS to provide a single straight-through processing (STP) notification system for electronic and voice trades, according to Rich Kiel, senior vice-president of transactions at Reuters in New York. He says: "We are launching what will be a utility to a wide customer base to deal with all trade notification across asset classes." He adds that a further driver of the launch of RTNS has been the introduction of trading products RTFX and RTFI, and the link to the Chicago Mercantile
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