This relationship allows Reuters to provide market professionals with a single point of access to trade on multiple execution venues. The agreement stems from clients increasing demand for integrated, broker neutral capabilities for price discovery, interactivity and direct access trading.
Jeffrey Woodruff, Executive Vice President, Reuters said: "Reuters provides our clients with broker-neutral, global execution and routing services across multiple liquidity pools. This goal is critical to the marketplace and we believe that this strategic relationship with Sonic strongly punctuates our commitment to helping our clients work smarter by improving the efficiency of the entire trading process."
Joseph Cammarata, Managing Director, Sonic Financial Technologies said: "Sonic is pleased to enhance our premier US equity trading technology with Reuters leading global market access to expand its connectivity beyond the United States by offering customers access to some of the world's most liquid markets. This strategic agreement allows us to enhance our existing products to offer a truly global solution."