23.09.201603:51:00UTC+00Thomson Reuters acquires buy-side tech firm REDI

Thomson Reuters said it has agreed to purchase REDI Holdings, a trading technology firm.

The mass media company said the REDIPlus execution management system would fuel its Eikon financial markets desktop by making it easier for institutional customers to trade smoothly on the platform.

Financial details were not revealed.

"Integrating REDI into Thomson Reuters solutions will enable us to transform Eikon into a world-class trading solution for the buy-side," said Michael Chin, managing director, global head of equities at Thomson Reuters.