GFI Group, a provider of brokerage services, and Thomson Reuters, a provider of decision support tools, have extended their existing data agreement to incorporate Reuters Datascope Real-Time, an offering from Reuters enterprise information.
Reuters customers may now subscribe to GFI market data via Reuters Datascope Real-Time (RDRT) for use in algorithmic trading, risk management, portfolio pricing and valuations. The agreement covers GFI credit derivatives, FX options and energy market data and GFI plans to extend this to equity derivatives and interest rate options early in 2009.
Mike Powell, global head of enterprise information at Thomson Reuters, said: Our customers require quality data to fuel not only their desktops but also the business-critical applications that support their trading, risk and back office operations. The addition of Gfi’s valuable data for application consumption is another example of our commitment to delivering content and services to our customers.
Philip Winstone, global head of data sales at GFI, said: GFI Group is delighted to extend its Reuters partnership into the enterprise business. This new agreement will enable GFI’s data products, comprising real market prices so vital to the business functions served by RDRT, to be made available through the Reuters infrastructure.