Reuters has completed the global roll out of its equities and equities derivatives transaction network, Reuters Order Routing for Equities (RORE), which supports over 750 institutions routing to 200 brokers and execution venues worldwide.
RORE is a managed service which is accessed via an execution management application embedded within Reuters' premium products, or from certified order management vendors. Orders and executions are routed via a fully managed service around the globe.
Jeffrey Woodruff, MD of institutional equities, Reuters says seven new broker specific, algorithmic trading screens have been added to the execution management application, bringing the total to ten.
"This new functionality will enable the user to electronically direct order flow to all of their broker dealers from one application imbedded within their Reuters market data terminal without sacrificing any of the advanced trading strategies they are accustomed to," says Woodruff.
Reuters says so far, over 50% of the traffic on the network is routed outside North America, with the fastest growing region being the Pacific Rim. The global volume executed over the network has doubled this year.