Goldman Sachs signs for Reuters Trade Notification Service

One of the world’s leading investment banks, Goldman Sachs, has signed for Reuters Trade Notification Service (RTNS). Goldman Sachs will be publishing trade notifications electronically for FX spot, forwards and swaps, therefore providing their customers with an opportunity to achieve STP workflow, reducing operational risk and increase efficiencies.

Interdealer broker, Enlace, signs for Reuters Trade Notification Service

Enlace is a key interdealer (voice) broker based in Mexico. Enlace has signed up for Reuters Trade Notification Service (RTNS) from which they will publish trade notifications for the following instruments:

FX Spot
FX Forwards
FX Swaps
Enlace also has offices in New York.

Tradition expands its use of Reuters Trade Notification Service

Tradition expands its use of Reuters Trade Notification Service (RTNS) into Latin America having added three key locations; Mexico, Colombia and Chile. Initially Tradition in Latin America will focus on the Non Deliverable Forward trade notification market and add trade notifications for Spot in due course.

Interdealer broker, Kepler Capital Markets S.A, signs for Reuters Trade Notification Service

Kepler Capital Markets S.A, an interdealer broker based in Switzerland, has signed to publish trade notifications over Reuters Trade Notification Service (RTNS).

Using RTNS will enable their customers’ STP workflow initially for the following instruments and for other asset classes in due course;

FX Spot
FX Forwards
FX Swaps
Non Deliverables Forwards

HPC S.A. Paris is now live on RTNS

HPC S.A. Paris, part of the OTCex Group, is now live and sending electronic trade notifications via Reuters Trade Notification Service (RTNS) to their clients.

They are currently sending notifications for Outright Forwards and will be adding other instruments soon.

HPC S.A. Paris and ILS Brokers sign for RTNS

HPC S.A. Paris, part of the OTCex Group, and ILS Brokers in Tel Aviv have both now signed for Reuters Trade Notification Service (RTNS) and will be publishing trade notifications shortly. Using RTNS will enable their customers’ STP workflow for FX and MM initially and for other asset classes in due course.

Thomson Reuters now offers hosted services for voice broker deal capture to make it easier and faster for interdealer brokers to connect to RTNS.

Integral (FX Inside) signs as RTNS publisher

Integral, the foreign exchange technology and application provider of FX trading solutions, has signed to publish messages on Reuters Trade Notification Service on their FX Inside platform.

By signing for RTNS Integral can now offer RTNS directly to their clients who desire STP as well as making FX Inside STP available to all existing members of the RTNS community. Orders are already coming in.

GFI, a major global inter-dealer broker, signs for RTNS

GFI, a key global inter-dealer broker, has chosen Reuters Trade Notification Service in order to be able to offer post-trade efficiencies to its trading customers.

GFI Group Inc. (www.GFIgroup.com) is a leading inter-dealer broker specialising in over-the-counter derivatives products and related securities. GFI Group Inc. provides brokerage services, market data and trading platform and analytics software to institutional clients in markets for a range of credit, financial, equity and commodity instruments.

New publisher signings – Micromega and Lava

Micromega and Lava have both chosen Reuters Trade Notification Service to offer post-trade efficiencies to their trading customers.

Dexia Banque Internationale à Luxembourg is now live on RTNS

Dexia Banque Internationale à Luxembourg is now live and operational on Reuters Trade Notification Service publishing FX trade notifications.

Carl Kliem is now live on RTNS

Carl Kliem, voice brokers based in Luxembourg, is now live and operational on Reuters Trade Notification Service publishing FX trade notifications to various receiver organisations.

Affirmative action - RTA takes off

Reuters Trade Notification Service is fast becoming a market standard for treasury trade notifications. The newly released version of Reuters Trade Affirmation (RTA), a web-based tool for affirming voice transactions with multiple trading partners, has quickly been adopted by more than 600 market participants.

RTA helps eliminate manual deal entry, cutting errors. Inter-dealer brokers publishing voice-executed trades for affirmation include ICAP, Tullett Prebon, BGC Partners, Tradition, R P Martin Brokers, Bierbaum & Co., Direct FX, Meitan Tradition and others.

RTA is a lightweight web-based service: you get frequent updates and improvements without the disruption and disturbance of traditional software updates. Recent improvements included storing user credentials (no need to re-key login and passwords), faster login and applet download and enhanced alerting.

There is no charge to receive RTNS messages.

Full speed ahead - RTNS is growing fast

Industry take-up of Reuters Trade Notification Service (RTNS) is gathering pace. There are now more than 18 brokers and banks publishing messages on the service. Influential brokers ICAP Tullett Prebon, BGC Partners, Tokyo Forex Ueda, Tradition, Meitan Tradition and Direct FX are all live, taking advantage of a single connection to reach all trading partners, including inter-dealer brokers, ECNs and bank portals.

Cosmorex and Nittan Capital have also recently signed up. Carl Kliem Brokers SA (Luxembourg) has completed testing and will be live soon.

As well as more users, more messages are being sent: both January and February were record months. Reuters Trade Affirmation, affirming voice-brokered trades, is also on a steep growth curve.

RTNS reduces processing costs while improving trading relationships. It can help you cut complexity and failed trades, while allowing you to offer STP to your customers.

There is no charge to receive RTNS messages.

Prime mover - Reuters Deal Tracker Archiver simplifies things

Reuters Deal Tracker Archiver now lets you feed post-trade information directly into position-keeping or risk management systems. A direct interface with the Deal Tracker Archiver database can become the standard deal capture engine for deals from Reuters Matching, Prime Broker and EBS Prime Services - any FX and money market trading platforms.

This simplified technology is more cost effective; real-time capture of matched trades gives STP processes higher success rates, thus less need for error handling. A centralised data warehouse for all FX post trade improves the efficiency of your middle and back office reconciliation and auditing operations.

RTNS expansion in FX broker community continues to grow

The speed at which you notify and affirm trade details with your counterparties determines how effectively you perform all your post-trade processing - risk, position-keeping, limits management and settlement.

Reuters Trade Notification Service (RTNS) is a high-speed messaging hub that provides real-time delivery of all trade notification requirements. It supports any trade, in any asset class, with any counterparty, cutting through the complexity of different asset types, systems, brokers and trading venues to make routing messages fast, safe and straightforward.

Global organisations and niche market players alike have recognised the value of RTNS and the STP that it facilitates in providing guaranteed real-time electronic notifications while improving operational efficiency. Inter-dealer FX brokers are particularly realising the advantages of RTNS.

Recent broker signings to publish messages using RTNS include:

• BGC Partners
• Tullett Prebon
• Conticap
•  Direct FX

Brokers who are already using RTNS to publish messages include:

• ICAP
• Tradition Financial Services
• R P Martin
• Meitan-Tradition
• Bierbaum

Reuters Trade Affirmation – What's New?

Reuters Trade Affirmation (RTA) is used by traders to affirm voice-brokered trades and provides a customisable view of trades following execution. RTA is available via the trading desktop and is launched from a standard URL within Internet Explorer.

The latest release (version 1.7) of RTA has a number of new features:

Access launch screen quickly

You can now launch Reuters Trade Affirmation directly from the URL, eliminating the need to manually select the Launch button.

Please note: it will be necessary to keep the URL open in a browser window.

Contacting us just got easier

You can contact the Reuters Support Centre (RSC) easily by clicking the Contact Us button in the top right-hand corner of the toolbar.

An RSC representative will respond to your query by telephone or email, depending on your selected form of contact.

Default affirmation mode

As a result of customer feedback, Broker Confirmation mode will no longer be available. The default affirmation mode when you first sign into the service is Self Confirmation mode.

Send a message with new Custom option

You will notice an additional option appears when you select the Reject button – "Custom". Selecting this option will produce a pop up window/dialogue box, giving you the opportunity to enter a message which is sent back to the message publisher.

Display currency pairs

It is now possible to view both currencies in a deal in a single column - rather than displaying the Buy Currency and Sell Currency in separate columns. You can enable this functionality via the Preferences tab.

Additional fields

You will now have the option to display five additional fields:
Dealt Direction
Dealt Currency
Dealt Amount
Contra Currency
Contra Amount

Help files

To correspond with the latest versions of Reuters products, Help files can now be accessed from the top right hand corner of the product.

Display broker name

Reuters Trade Affirmation now gives you the ability to display the name of the individual user at the broker institution responsible for arranging the trade

This is an optional column field that is configurable via the Preferences tab.

Alerting for new deals

You can now activate Alerts via the toolbar, which will notify you when a new deal is received. The alerts will appear in a small pop-up window.

Double-clicking this Alert window will display full details of the deal*. Alternatively you can maximise the pop-up window via the task bar.

* This functionality is only available with the Sun Java virtual machine. Users of the Microsoft Java virtual machine will need to maximise the pop-up window from the task bar in the usual way.

Safety message before accepting a previous day's trade

Deals that remain in the blotter overnight display a now display warning message if accepted by the trader the following day. This additional step requests confirmation before accepting trades from a previous day and enables you to avoid mistakes.

Accepting deals from more than one day ago

It is not possible to accept or reject deals that are more than one day old. These deals will continue to appear but when highlighted only the Book Manually option will be active.