Reuters has launched an open application programme interface (API) to connect its Treasury Solutions suite with third-party systems. The API is currently being used to integrate the automated dealing capability of Reuters Treasury Solutions with multi-bank portals Atriax, Currenex and FXall.
The news and information group says the system will improve integration with customers' existing technology and enable them to connect seamlessly with clients, internal departments and external systems that have a cross-border FX requirement.
The trading API supports both single and streaming quotations between systems and helps to facilitate complete straight through processing from front to back office systems as well as to risk management and position keeping systems, says Reuters.
Mike Whitaker, director, Reuters Treasury Solutions, explains: "The API is designed to support quotations and trades over multiple channels and this initiative will enable our customers to adopt a trading infrastructure that meets their needs now and in the future. This is the bigger picture - we are not only connecting to the multibank portals such as Atriax, Currenex and FXall but we are creating a connectivity that can adapt to most third-party systems."