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Thomson Reuters purchases buy-side tech firm REDI

Thomson Reuters has agreed to acquire trading technology firm REDI Holdings, saying the execution management system would strengthen its Eikon financial markets desktop by making it easier for institutional customers to trade seamlessly on the platform.

"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.

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capital markets