Thomson Reuters announced the launch of a workflow solution that joins Thomson Reuters Eikon and Elektron to provide the content, portfolio tools and connectivity hedge fund managers need to systematize their operations and drive returns.
TR claims that the new solution provides all the real-time content, analytics and tools that hedge fund managers need to improve returns and provide transparency. It does so by helping them identify and act on new trading opportunities; mitigate risk by maintaining real-time position analytics; and measure performance via detailed portfolio reports that can be used both for internal and external publication.
To help hedge funds adapt as they move from single prime brokerage relationships, the solution claims to "take care of all of the connectivity and data management challenges from multiple prime brokerage providers and fund administration services, along with all of the additional pricing and reference data required to support their operations."
TR says it incorporates a wide range of broker neutral trading capabilities to accommodate the sophisticated trading needs of customers. Users can direct order flow to over 700 executing brokers, algorithmic trade engines and other alternative pools of liquidity via the Thomson Reuters order routing network. They can also source natural liquidity, receive indication of interest/trade advertisements in real time, perform transaction cost analysis, and gain direct market access to trading venues around the world.
"Regulatory reform and market demand for greater transparency is creating a complex landscape for the hedge fund community. This has led to a greater requirement for integrated technology and data solutions. What we have brought to market not only helps hedge fund managers deliver superior returns, it also simplifies their operations by providing a fully managed solution that includes multi-prime broker capabilities and all of the associated workflow tools to manage and scale their operations," says Gerry Buggy, global head of hedge fund markets, Thomson Reuters.
Fredrick Scuteri, managing director and US head of hedge fund markets, Thomson Reuters, adds: "Delivering a solution to aggregate real-time portfolio and risk information, as well as providing order routing capabilities addresses all of a hedge fund manager's workflow needs in one integrated platform. The solution is quick to deploy, cost effective and effortless to maintain, and includes the most sophisticated news, content and research tools in the market."
The new workflow solution is now available to hedge fund managers in North America. Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio