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Thomson Reuters
Fintech

Trading in an open platform world

Michael Chin

10 Oct 2017

A woman walks on the Smetovi mountain range near Zenica, Bosnia and Herzegovina. Photography: Dado Ruvic
A woman walks on the Smetovi mountain range near Zenica, Bosnia and Herzegovina. Photography: Dado Ruvic

As demands on traders grow increasingly complex, our open platform approach offers the workflow tools to transact in a safe, compliant and efficient way.

Today’s traders have to find a competitive edge. In doing so, they will need to connect to counterparties, find liquidity, transact and prove best execution, all with fewer resources than in the past.

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They may also want to expand across borders and markets, and communicate with their clients, partners, liquidity providers and their employees.

Watch video — An interview with Michael Chin, Managing Director, Co-Head of Trading 1/2

Our clients are facing a number of these challenges, prompted by several macro trends:

  • Pressures to lower total cost of ownership.
  • Progressively more complex, costly and global regulatory compliance.
  • Relentless momentum towards automation.
  • An increase in data and content-driven trading.

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Critical trading workflows

As a result of these trends, both the buy-side and sell-side are considering major changes in their technology choices, with Thomson Reuters at the heart of this.

Traders are becoming increasingly reliant on innovative platforms to source and distribute liquidity, and to manage critical trading workflows.

Thomson Reuters Open Platform

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Thomson Reuters trading solutions provide the world’s leading companies with the information, workflow tools and liquidity they need to operate successfully in a fast-paced and complex market.

They connect clients and help build vital relationships between the buy and sell-side.

Benefits of open platform

Our unique, open platform enables us to seamlessly incorporate capabilities from industry partners, broadening and simplifying a client’s experience.

Everything we do is underpinned by our core values of trust and partnership, which enable us to co-innovate with leading financial technology firms around the world, helping to develop more efficient and effective markets for the industry as a whole.

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Partnership is key as the most successful platforms offer added value without necessarily owning all of the assets they deliver.

As a result, Thomson Reuters acquires, connects, matches and enables networks of providers and consumers to do business.

Market participants will also benefit from this approach as our customers gain access to a number of leading pre-trade, at-trade, and post-trade partners.

Watch video — An interview with Michael Chin, Managing Director, Co-Head of Trading 2/2

Building relationships

I recently had the opportunity to sit down with the editor of GlobalTrading to discuss our open platform strategy.

I expanded on the trends and challenges our clients are facing and outlined what we are doing to address their needs. I invite you to read the full article in the latest edition.

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Find out how to get easy access to trusted news, data, and analytics with Thomson Reuters Eikon

By adopting an open platform strategy, we continue to surround ourselves with premier partners and solutions to create a platform where the global trading community can connect, discover, build relationships and transact in a safe, compliant and efficient way.

Our goal is to provide a seamless workflow for our clients, through our partnerships, which will result in a significant improvement in operational efficiencies within their trading strategies.

In my latest video series on the open platform concept, I address these topics as well as what Thomson Reuters needs to do to stay on top of the ever-changing needs of traders.

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Adding value in Asian private banking Will fintech replace human touch in Asia’s private banks? Demonstrating the value of an open platform approach Eikon App Studio: 3 highlights for October Datastream at 50: still the best tool for macro research Why great data needs a quality enterprise platform How to achieve a connected view of risk How fintech makes wealth advisors more relevant Inside the mind of a fund manager The big data strategies powering growth