Reuters Launches Equities Trading Tool to Support Thailand Financial Markets

ข่าวต่างประเทศ Wednesday March 9, 2005 09:52 —Asianet Press Release

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)--

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