As Beta Tests Of Traderoute Commence, ESI Is On Board, But Turner Investment Isn't

AUTOMATED TRADING

THREE weeks ago, Thomson Financial Services Inc. began beta tests of its planned Traderoute order-routing service. However, at least one of the buy-side firms Thomson had slated for participation in the beta tests has put its plans on hold: Turner Investment Partners had expected to begin testing the service early this month, but has now pushed back those tests until month's end. Other participants, including ESI Securities Co., are proceeding with their beta tests. Thomson officials say the

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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