Energy and commodities traders can now execute futures and options orders directly from Thomson Reuters Eikon, helping reduce the need to pay pricey market data fees across multiple platforms. The new service is provided through City Execution, a third-party app developed by OptionsCity Software and now available via App Studio on Thomson Reuters Eikon.
City Execution is supported by global clearing firms and is integrated into the Thomson Reuters Eikon platform. Traders can access spread data, futures and options, and execute trades while also accessing all other news, data and analytical tools available on Thomson Reuters Eikon.
“Having both data and trading functionality available on one platform creates a better integrated workflow and eliminates the need for trading firms to pay for multiple execution platforms and data providers,” according to a press statement.
The addition of City Execution onto Thomson Reuters Eikon exemplifies the benefits of an open platform, said Leigh Henson, global head of energy markets at Thomson Reuters.
He adds, Through collaboration with innovative companies such as OptionsCity Software, we are providing energy and commodities traders with a powerful, single-point solution that may reduce costs and improve both workflow and functionality.
With our cloud-based suite of products and APIs, OptionsCity can make it faster and less expensive for companies to offer innovative new products and tools, said Hazem Dawani, CEO of OptionsCity Software. City Execution builds on our leadership in the options and futures markets, and we look forward to working with Thomson Reuters Eikon clients to assist in simultaneously reducing their costs and improving their workflow.”
