GFI Group Inc. (GFIG on NASDAQ) and Thomson Reuters have extended their existing data agreement to incorporate Reuters Datascope Real-Time (RDRT) – an offering from Reuters Enterprise Information.
Reuters customers may now subscribe to GFI market data via RDRT for use in algorithmic trading, risk management, portfolio pricing and valuations. The agreement covers GFI credit derivatives, FX options and energy market data and GFI plans to extend this to equity derivatives and interest rate options early in 2009.
Mike Powell, global head, Enterprise Information at Thomson Reuters, says, “Our customers require high quality data to fuel not only their desktops but also the business-critical applications that support their trading, risk and back office operations. The addition of GFI’s valuable data for application consumption is another example of our commitment to delivering best-in-class content and services to our customers."
“GFI Group is delighted to extend its long-standing Reuters partnership into the Enterprise business”, said Philip Winstone, GFI’s global head of data sales, “This new agreement will enable GFI’s data products, comprising real market prices so vital to the business functions served by RDRT, to be made available seamlessly through the Reuters infrastructure.”