Reuters has announced plans to launch price discovery and order routing for exchange traded contracts for buy-side users on its screens.
The new service, known as Reuters Trading for Exchanges, was expected to go live towards the end of the second quarter of this year. Reuters will provide connectivity with brokers who will then post prices and receive orders through the system from clients.
According to a statement from the firm, Deutsche Bank, Barclays Capital and Fimat International are already signed up with more firms expected to join during 2006, including ABN Amro Futures.
A spokesperson was...