Refinitiv, a provider of financial markets data and infrastructure, announced on Monday that it has completed its acquisition of AlphaDesk, bringing OMS trading capabilities to the company.
As , the acquisition of AlphaDesk was originally announced in May. Following the transaction being closed, the OMS trading capabilities have been added to Refinitiv’s end-to-end trading workflow solution.
Refinitiv to Integrate AlphaDesk Platform
Post-acquisition, Refinitiv will integrate the AlphaDesk platform, which expands its end-to-end trading solution. AlphaDesk provides order and portfolio management, risk, and compliance solutions for buy-side users, including hedge funds and other investment managers.
Already, the data firm’s front-office suite includes REDI’s EMS platform, which is currently integrated with its pre-trade data and analytics platform Eikon, one of Thomson Reuters’ flagship products.
With AlphaDesk, the market data provider will be able to leverage an improved multi-asset class and multi-currency OMS platform with flexible workflows. For individual buy-side traders and asset managers, the platform will be more customisable for their differing needs, as AlphaDesk software combines OMS and operations management capabilities.
Source: LinkedIn
The market data provider went private in October 2018 when Thomson Reuters of a majority stake in its financial-and-risk arm to. The purchase cost Blackstone $17 billion, marking the largest non-property deal for the company.
“Refinitiv now delivers an even more powerful buy-side trading solution that is flexible, compliant, interoperable, and covers all segments of the trading workflow,” added Chin.
“As a Cloud-based provider, the integration of AlphaDesk further aligns with Refinitiv’s overall Cloud strategy, and will help provide a more seamless path to implementation and integration yielding significant cost-savings and agility for our clients.”
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