Reuters announced today that it had reached an agreement with Deutsche Bank to make the autobahn fixed income trading platform accessible via Reuters products, including Reuters 3000 Xtra, Reuters premium information product.
This agreement will provide authorized Reuters end users around the world with tradable real time prices on more than 5,000 securities and 20 currencies and the ability to click and trade directly with Deutsche Bank via their Reuters market data display services.
Deutsche Bank’s web autobahn trading platform is an online trading service for bonds.
Reuters says its integration of Deutsche Bank’s fixed income web autobahn offers authorized users immediate execution in two way markets. “In contrast with API integration of trading services, Reuters enables dealers to offer customers their full range of trading capabilities without compromise,” explains Reuters. “For example, web autobahn offers limit order functionality that is not available from Deutsche Bank through other channels.”
Bill Goldy, Managing Director, Fixed Income-Investment Banking & Brokerage, Reuters said: “This is another example of Reuters fostering collaboration between the buy and the sell sides. This specific and structured trading capability uses dealer real time bond prices, in this case from Deutsche Bank, as a gateway to market liquidity. New and existing customers of Reuters and Deutsche Bank will benefit from the new integrated decision support and online trading service.”
Scott Gewirtz, European Head of Fixed Income, Deutsche Bank said: “Deutsche Bank is a market leader in offering electronic trading capabilities to its clients, and is excited about the possibility to leverage the Reuters platform for its electronic distribution. This innovative click-to-trade combination of Deutsche Bank’s web autobahn with Reuters products will offer investors improved access to liquidity and trading functionality. We expect to expand this offering to provide Reuters customers with seamless access to other Deutsche Bank fixed income services including research and analytics.”