Waters Wrap: Examining the changing EMS landscape
After LSEG’s decision to sunset Redi, Anthony examines what might lie ahead for the EMS space.
A few weeks ago, a source tipped me off that London Stock Exchange Group was sunsetting its Redi execution management system in favor of Tora, which it acquired in 2022. It didn’t take too long to track down a couple of Redi users to confirm the rumor.
After talking with several people—customers, competitors, and consultants—I got the impression that while the Redi EMS wasn’t exactly beloved, it worked just fine for many users. And since traders are like me and don’t like change, it came as a
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