HOME

TheInfoList



OR:

Reuters 3000 Xtra was an
electronic trading platform In finance, an electronic trading platform also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products c ...
which was released by
Reuters Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was establ ...
in 1999 and supported until the end of 2013. It was typically used by professional traders and
financial analyst A financial analyst is a professional, undertaking financial analysis for external or internal clients as a core feature of the job. The role may specifically be titled securities analyst, research analyst, equity analyst, investment analyst, o ...
s in
trading room A trading room gathers traders operating on financial markets. The trading room is also often called the front office. The terms "dealing room" and " trading floor" are also used, the latter being inspired from that of an open outcry stock ex ...
s. It was superseded by the
Eikon Eikon is a set of software products provided by Refinitiv for financial professionals to monitor and analyze financial information. It provides access to real time market data, news, fundamental data, analytics, trading and messaging tools. It ...
platform, first released in 2010. 3000 Xtra provided real-time
market data ''For market data as used in marketing, see marketing information system'' In finance, market data is price and other related data for a financial instrument reported by a trading venue such as a stock exchange. Market data allows traders and ...
such as price data on exchange traded stocks, warrants, options, futures, indices, bonds, commodities and
currencies A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general def ...
, as well as streaming news and comprehensive
economic indicator An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. One application of economic indicators is the study of business cycles. Economic in ...
s and financial data. Originally designed as an information system, later versions also introduced trading functions, allowing orders to be placed on a number of electronic exchanges and with other dealing desks. The client software connected to Reuters hardware at the client's premises, which combined multiple connections to the Reuters networks over redundant, fault-tolerant dedicated links, often private T1s. This was provided on-site via a proprietary and often redundant hardware installation, such as
Reuters Market Data System Reuters Market Data System (RMDS) is an open market data platform provided by Thomson Reuters. RMDS is used to transport, integrate and manage financial data from stock exchanges and other data sources to end users (such as a bank or enterprise) ...
(RMDS) or ''Triarch''. One of the early attractions for dealers was the integration with Microsoft Excel and the
instant messaging Instant messaging (IM) technology is a type of online chat allowing real-time text transmission over the Internet or another computer network. Messages are typically transmitted between two or more parties, when each user inputs text and trigg ...
facility for sending messages to other dealing desks. The flexible Kobra client software allowed for a variety of real-time and historic market data visualizations and custom analytics. In addition, it could provide real-time Reuters headlines and news. It went on to become the de facto platform on traders' desks in
bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...
s and
financial institution Financial institutions, sometimes called banking institutions, are business entities that provide services as intermediaries for different types of financial monetary transactions. Broadly speaking, there are three major types of financial insti ...
s due to the breadth of the information available, despite the significant cost and dedicated infrastructure required. Its main rival was the
Bloomberg Terminal The Bloomberg Terminal is a computer software system provided by the financial data vendor Bloomberg L.P. that enables professionals in the financial service sector and other industries to access Bloomberg Professional Services through which us ...
, although in many cases both systems were used.


History

The 3000 Xtra system was first released in 1999, but in many ways was a continuation of previous Reuters products that included Equities 2000 (released in 1987),
Dealing 2000-2 D2000-2 or Reuters Dealing 2000-2 was a software system designed by Reuters for foreign exchange trading. This automated electronic trading system allowed a dealer to enter buy and/or sell prices directly into the system, thereby avoiding the ...
(released in 1992), 3000 Series (released in 1996) and "Advanced Reuters Terminal" (released in 1986). It inherited a lot of design features such as much of the
user interface In the industrial design field of human–computer interaction, a user interface (UI) is the space where interactions between humans and machines occur. The goal of this interaction is to allow effective operation and control of the machine fr ...
from those earlier systems that were developed in the late 1980s and early 1990s.
Thomson Reuters Thomson Reuters Corporation ( ) is a Canadian multinational media conglomerate. The company was founded in Toronto, Ontario, Canada, where it is headquartered at the Bay Adelaide Centre. Thomson Reuters was created by the Thomson Corpora ...
began decommissioning Reuters 3000 Xtra in 2013, replacing it by the newer ''Thomson Reuters
Eikon Eikon is a set of software products provided by Refinitiv for financial professionals to monitor and analyze financial information. It provides access to real time market data, news, fundamental data, analytics, trading and messaging tools. It ...
'' platform.


Architecture

The system was designed to use private network links to Reuters to get live prices from global stock, commodity, futures, derivative and bond markets as well as foreign exchange price makers. The client terminal would connect to a local
Unix Unix (; trademarked as UNIX) is a family of multitasking, multiuser computer operating systems that derive from the original AT&T Unix, whose development started in 1969 at the Bell Labs research center by Ken Thompson, Dennis Ritchie, and ot ...
server typically hosted on site by the financial institution. The server would have dedicated links back to Reuters global network. The client software was a Windows-based application. Live connection to Excel spreadsheets was provided via the Reuters
Power Plus Pro Power Plus Pro is a piece of financial software produced by Reuters Group in the form of an add-in for Microsoft Office Excel. A real-time data engine, it pushes new data into Excel when it receives notification of updates from a Reuters TI ...
utility. The system was enhanced through a number of different versions over the years. From version 5 onwards, it was qualified for
Citrix Citrix Systems, Inc. is an American multinational cloud computing and virtualization technology company that provides server, application and desktop virtualization, networking, software as a service (SaaS), and cloud computing technologies. C ...
thin client delivery, which became a common way to access the software.


See also

*
Electronic communication network An electronic communication network (ECN) is a type of computerized forum or network that facilitates the trading of financial products outside traditional stock exchanges. An ECN is generally an electronic system that widely disseminates orders e ...


References


External links


Thomson Reuters Eikon product page
{{Thomson Reuters Financial software Financial markets Technical analysis software Electronic trading systems