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Refinitiv expands trading capabilities with Alphadesk acquisition

Michael Chin, MD and co-head of Trading, Refinitiv

Financial markets data and infrastructure provider Refinitiv has entered into an agreement to acquire a cloud-based Order Management System (OMS) Alphadesk. The acquisition is expected to combine Refinitiv’s pre-trade data and analytics with Alphadesk’s multi-asset class and multi-currency OMS platform to deliver a solution adaptable to the needs of buy-side traders and asset managers.

Michael Chin, managing director and co-head of Trading, Refinitiv commented, “With the acquisition of AlphaDesk, Refinitiv now delivers an even more powerful buy-side trading solution that is flexible, compliant, interoperable and covers all segments of the trading workflow. As a Cloud-based provider, 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.”

Established in 2008, AlphaDesk delivers real-time order, portfolio, and operations management tools to fund managers. The managed cloud service supports multiple portfolios, strategies, asset types, currencies and custodians in a single, integrated solution. Alphadesk’s software combines OMS and operations management capabilities for data management and system integrations.

“We are very excited about joining the Refinitiv team. There is great potential to provide hedge funds and asset managers what they have been asking for: a simpler way to acquire and manage better technology. The combination of our front-to-back, cloud-based system with Refinitiv’s global reach and extensive technology platform will help provide a truly superior offering to clients all over the world,” said Dan Rissin, CEO, AlphaDesk.

Founded in 2018, UK-based Refinitiv is a provider of financial markets data and infrastructure.

Recently, Refinitiv announced the introduction of real-time coverage for the BRVM (Bourse Régionale des Valeurs Mobilières) for equity and fixed income markets.

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