Thomson Reuters Launches New Autex Tool, Moves Another

Its global FIX order routing system, Autex Trade Route, has been moved onto its Elektron network. Autex Trade Route's 750 buy-side and 700 executing broker and venue customers can now take advantage of the performance improvements offered by Elektron's regional routing hubs in global financial centers.

Additionally, Thomson Reuters has launched Autex Client Portal to give system administrators a real-time, interactive view of network status and trading activity within the firm and across counterparty connections. The new portal allows firms to monitor multiple aspects of a trade in real time, ranging from a firm's own connection status to counterparty connection status, real-time service alerts, capacity utilization, order flow metrics, and contact lists.

"The migration of Autex Trade Route onto the Elektron network allows our customers to benefit from reduced latency and improved resiliency," said Rob Hegarty, managing director and global head of equities, Thomson Reuters. "In addition, the new Autex Client Portal provides our customers with a level of insight into operational risk that is unmatched in the industry today."

Thomson Reuters Autex Trade Route delivers order flow of two billion shares per day in equities, options and futures, as well as FX and fixed income. Autex receives streaming indications of interest from trading partners across the globe, and processes more than five million messages per day.