Reuters Finishes Global Rollout of Managed Service Trading Network to Buy-Side Firms
Reuters has completed the global rollout of a single equities and equities derivatives transaction network. Reuters Order Routing for Equities (RORE) is a network that supports a global equity-trading community of over 750 institutions routing to 200 brokers and execution venues worldwide.
Reuters says that by providing a managed service via a single connection to Reuters, RORE reduces complexity in the trading process and reduces client communication and infrastructure cost. The system reduces telecommunications, market data, software and hardware costs to the trading community, and it offers the buy-side community access to advanced algorithmic tools, direct-market access and smart-order routing. Reuters is touting more than costs savings, though. "Reuters is one of the few service providers offering complete neutrality as a key tenet of our value proposition across the globe," Jeffrey Woodruff, managing director of institutional equities at Reuters, said in a statement.