BANGKOK, March 9 --Xinhua-PRNewsire-AsiaNet/InfoQuest
Reuters, the global information and news company, today announced the
launch of Reuters Order Routing for Equities (RORE) for the equity trading
community in Thailand.
Financial professionals from the equities market who use RORE will be
connected a global trading community of over 500 institutions routing to 200
brokers and execution venues worldwide. The communities in Japan, Hong Kong,
Singapore, Thailand, Malaysia and the Pacific are expected to grow since the
network is linked to virtually all major firms, and users in Thailand can now
have widespread connectivity between institutions and brokers.
Clients can easily access any existing broker on the network from their
Reuters services such as the 3000 Xtra premium desktop. With each order, a
single click allows for selection of a broker. Once sent, orders are quickly
delivered to the broker of choice. Reuters 3000 Xtra is a high-performance,
real-time information and analysis tool for financial professionals. The
latest version of Reuters 3000 Xtra contains new improved tools designed to
make Xtra's powerful contents much easier to use.
RORE was developed in response to the need for fast and secure trading with
a solution that can face the challenges of fragmenting liquidity and order
flow, regulatory change and efficient automation. Reuters Order Routing will
now allow users in Thailand to join this community, linking electronically with
a range of institutions, brokers, exchanges, and crossing networks.
Susanna Thornton, Head of Institutional Equities, Reuters Asia said: "There
is increasing interest from Thailand's market professionals who are looking for
a fast and reliable trading solution that can provide for liquidity and order
flow, regulatory change and cost efficiency. Several local and foreign
corporations in Thailand are already using RORE, and are receiving order flow
over the system from institutions in the Asia region. They have the potential
to expand their reach to 500 global institutions who are already in the
network.
Eddie Haddad, Reuters ASEAN managing director said: "Recent modernisation
in the Thai financial sector, coupled with state-bank lending, is also
facilitating access to credit for a wider section of the population and this
augers well for Thailand's financial markets. Market prospects are likely to
remain bright as Thailand shows increasing interest to stay efficient,
transparent and be connected to the global trading community."
Liam Hwee Tay
Head of Corporate Communications, Reuters Asia
+65-6870-3028, +65-98193895
[email protected]
Yasmeen Khan
Reuters media relations, UK
+44-207542-0496
[email protected]
About Reuters
Reuters (http://www.reuters.com ), the global information company, provides
indispensable information tailored for professionals in the financial services,
media and corporate markets. Its trusted information drives decision making
across the globe based on a reputation for speed, accuracy and independence.
Reuters has 14,500 staff in 91 countries. This includes 2,300 editorial staff
in 196 bureaux serving 129 countries, making Reuters the world's largest
international multimedia news agency. In 2004, Reuters Group revenues were
GBP2.9 billion.
Reuters and the sphere logo are the trade-marks of the Reuters group of
companies.
--Distributed by AsiaNet (www.asianetnews.net)--