Refinitiv Completes Acquisition of OMS Platform AlphaDesk

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 Finance Magnates reported, 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 Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term platform Eikon, one of Thomson Reuters’ flagship products.

With AlphaDesk, the market data provider will be able to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term 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 customizable for their differing needs, as AlphaDesk software combines OMS and operations management capabilities.

Commenting on the acquisition, Michael Chin, managing director, co-head of Trading at Refinitiv said: “We are delighted to welcome AlphaDesk officially to Refinitiv. Our past collaboration with AlphaDesk makes them a strong fit for us, and the integration of their platform with our existing products further expands Refinitiv’s presence as a premier trading solution for professionals across the buy-side community.”

The market data provider went private in October 2018 when Thomson Reuters completed the sale of a majority stake in its financial-and-risk arm to private equity firm Blackstone Group. 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.”