Provider of futures and options trading and analytics solutions OptionsCity Software has just announced that City Execution, built on its REST-based City API, will power execution functionality on Thomson Reuters Eikon.
Eikon is a major source of news, data and analytics for financial firms and City Execution will allow Eikon commodity and energy customers to execute futures and options trades within the Eikon desktop, thus eliminating the need for alternative execution platforms and associated market data fees.
OptionsCity and Thomson Reuters Corp (NYSE:TRI) anticipate the execution functionality to be especially useful to traders in energy and commodity products. City Execution will be available as a downloadable add-on from the Eikon App Library.
Leigh Henson, global head of energy markets at Thomson Reuters, says,
“Market opportunities are fleeting, so being able to execute trades in reaction to Eikon’s market news and data in just a few clicks is critical. City Execution allows our global customers to easily and seamlessly connect to robust futures and options execution functionality, providing a strong value proposition for an integrated user experience.”
Daniel Rooney, VP of Global Sales at OptionsCity, says,
“When we created City API, we knew it had the potential to bring innovative new data and execution opportunities for a wide variety of customer types – from trading firms to multinational companies. That promise is being realized by bringing City Execution together with the Eikon desktop to the Thomson Reuters global commodity and energy customer base.”
You can view the announcement on the collaboration by clicking here.