Thomson Reuters and CME Group to Combine Instant Messaging Networks

Thomson Reuters and CME Group announced today that they have agreed to implement connectivity between their instant messaging networks, Thomson Reuters Eikon Messenger and CME Pivot Instant Messaging, to support open and compliant cross-industry communication for financial and commodities markets.

Seamless Communications

The combined service which will be available in late Q3 2016 will enable over 300,000 current market participants using the respective messenger services to communicate seamlessly across platforms.

Both companies saw a surge in new instant messaging account registrations in June. This coincided with Yahoo’s decision to discontinue support for legacy versions of its instant messaging service, as well as the API used to connect its instant messaging service with other networks in August 2016.

Shaun Sibley, managing director, supply chain and commodities at Thomson Reuters, commented: “Instant messaging platforms have become a popular tool for communication in financial markets. Our work with CME Group highlights Thomson Reuters long-standing commitment to provide an open messaging platform that breaks down the barriers to communication in financial markets and helps our users to address regulatory requirements.”

Background

Thomson Reuters Eikon Messenger is an established and open instant messaging collaboration tool created for the global financial community. The application aids regulatory compliance by including bilateral chat controls in addition to a suite of active compliance tools, including features that allow keyword blocking, disclaimers and policy enforcement.

The company also added Insight360, a socially-responsible trading app to its Eikon platform last month, to cater for the growing number of people wishing to make more socially responsible investing decisions, amid sustainability and environmental challenges.

CME Group is focused on delivering high-value technology services to customers in support of the derivatives marketplace. The company brings buyers and sellers together through its CME Globex electronic Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term and its exchanges based in Chicago, New York and London.

The company also operates one of the world’s leading central counterparty clearing providers through CME Clearing and CME Clearing Europe, offering clearing and settlement services across asset classes for Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term-traded and over-the-counter derivatives.