The trade ideas capability will be provided by youDevise’s Trade Idea Monitor solution. According to the company, the service will allow users of the trade ideas functionality in Reuters 3000 Xtra to exploit its instant messaging service, allowing the buy- and sell-side to instantly collaborate about trading ideas, and get related stock price information, news, data and analytics.
Buy-side customers in turn will be able to trade with their broker of choice on the Reuters order routing network, entering orders via Reuters Institutional Order Entry or Reuters Trading for Exchanges applications from within the 3000 Xtra terminal. Control features enable buy-side customers to select which sell-side firms can send them ideas and what kinds of ideas can be sent.
Colin Berthoud, director of youDevise, commented, The resultant combination of Trade Idea Monitor and Reuters adds measurable value to the brokerage-research process used in making and executing investment decisions, all of which takes on added significance in light of new and proposed regulatory guidelines in the US and UK for increased documentation and transparency of execution, research and other soft dollar services paid for with commission charges.
