Refinitiv launches REDI execution management system in India

Maria Nikolova

Specific to the India market, REDI EMS supports DMA, Care and One-touch orders along with Notification of Execution.

Provider of financial markets data and infrastructure Refinitiv has launched REDI EMS, an electronic trading platform in India. It is an execution management system (EMS) that offers multi-asset trading functionality and comes with access to more than 200 certified execution brokers, many of the major prime and clearing brokers, and more than 650 brokers on the Autex Trade Route service.

Specific to the India market, REDI EMS supports DMA, Care and One-touch orders along with Notification of Execution (automated capture of orders keyed-in at the broker).

Investment professionals can implement a wide array of trading strategies using the platform’s advanced tools, rich analytics, flexibility to integrate with broker specific algorithms, as well as leverage powerful workflow and compliance tools. The REDI EMS also offers an Application Programming Interface (API) tool that empower software developers/ engineers to build custom applications.

Through a single point of entry, a REDI EMS customer can now submit orders for their nominated broker to execute– from single stock to futures trading to basket/list trading. REDI EMS offers a suite of integrated functionality with prime brokers and clearing firms to facilitate position management and reporting requirements, alongside an allocation’s module allowing for real-time confirmations. The platform will also facilitate advanced post-trade capabilities including trading, risk analytics and will also allow buy-side to connect to their broker of choice.

Customers will also have access via API or FIX to facilitate order staging with leading OMS providers, including Refinitiv’s AlphaDesk, a cloud-based multi-asset class order management and portfolio management system. The use of APIs in buy-side trading strategies helps to deliver highly automated and fully customised solutions to support complex workflows.

In addition to automating trade execution, the system feeds trading activity to back office systems, fund administrators, and custodians, among others.

Refinitiv’s REDI EMS platform already provides global, multi-asset coverage to its regional and global clients to trade and execute any listed equity options or futures instrument in over 80 countries across America, Europe, Middle East, Asia and Africa.

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