Reuters Trading for Fixed Income (RTFI) went live with tradable prices from Deutsche Bank, Dresdner Kleinwort Wasserstein, JPMorgan, Rabobank, RBC Capital Markets and UBS, with commitment to join from ABN AMRO, BNP Paribas, Commerzbank, Goldman Sachs, Lehman Brothers and Morgan Stanley.
Reuters said RTFI is a key element of the company’s growth initiatives, as industry commentators predict a growth in electronic fixed income trading over the next two years. Harrell Smith, manager of the securities & investments practice at Celent, a research and advisory firm focused on financial services, commented: Close to 60% of all fixed income trading will be conducted electronically by 2007. In the dealer-to-client market, firms have demonstrated a clear preference for consolidated liquidity via multi-dealer platforms.
RTFI aims to allow asset managers, hedge funds and corporate treasurers to trade more than 12,500 cash fixed income securities, such as domestic and international corporate and government bonds, across 21 currencies. It is widely available in Europe over Reuters 3000 Xtra desktop.
