Thomson Reuters Announces Connectivity To Instinet's CBX ASIA

Thomson Reuters announced connectivity to Instinet's CBX ASIA™ share trading platform, providing subscribers of Thomson Reuters services with market data for the agency only brokerage's real time, displayed ATS (alternative trading system) for Japanese and Hong Kong equities. In addition,

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Thomson Reuters announced connectivity to Instinet’s CBX ASIA™ share trading platform, providing subscribers of Thomson Reuters services with market data for the agency-only brokerage’s real-time, displayed ATS (alternative trading system) for Japanese and Hong Kong equities. In addition, CBX ASIA and Instinet’s suite of Asian algorithms have been added as a destination in the Reuters Trading for Exchanges (RTEx) order routing platform. The addition of Instinet’s CBX ASIA platform broadens Thomson Reuters desktop and transaction capabilities across Asia in a rapidly growing part of the electronic trading market.

Instinet’s CBX ASIA is an optimal light-pool trading environment where institutions can seek to reduce market impact by trading anonymously with diverse liquidity sources without exposing orders to pricing pressure from the public markets. CBX ASIA is a tool for trading in size while maintaining control over market exposure, and minimising market impact to reduce transaction cost. Real-time prices from this new execution venue are now available to subscribers of Thomson Reuters services.

“Thomson Reuters is committed to providing a consolidated view of listed securities in an increasingly fragmented market,” says Stephen Wilson, global head of exchange traded instruments business for Thomson Reuters. “We’re pleased to bring our customers around the world access to Instinet’s CBX ASIA service as another step forward in this aim.”

D.C.

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