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Cross-asset execution management platform with comprehensive broker network, advanced trading tools, algorithmic strategies, portfolio trading capabilities, and full integration with Refinitiv's data and analytics.
Platforms that provide direct market access and sophisticated trading tools for optimal trade execution across multiple venues and asset classes. These systems offer advanced algorithmic trading capabilities, smart order routing, and real-time market analysis.
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Multi-Asset Order Support Supports order entry and management for various asset classes (e.g. equities, fixed income, FX, derivatives, crypto). |
Product description and documentation emphasize support for equities, futures, options, FX, and fixed income order workflows. | |
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Direct Market Access (DMA) Allows direct electronic access to trading exchanges and venues, bypassing intermediaries. |
REDI offers Direct Market Access (DMA) to a broad broker and venue network per Refinitiv EMS literature. | |
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Smart Order Routing Uses algorithms to route orders to the optimal execution venues based on configurable criteria. |
Smart Order Routing and venue selection are standard EMS features and mentioned explicitly for REDI. | |
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Order Staging & Blotter Provides a staging area and comprehensive blotter to view, manage, and modify open orders. |
Order staging, blotters, and workflow dashboards are standard UI components demonstrated in REDI user guides. | |
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Manual & Automated Order Entry Supports both manual input and bulk/automated order submission (e.g. via FIX, API). |
REDI supports both manual entry (UI) and automated submission via API and FIX, per product sheets. | |
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Order Splitting & Allocation Allows splitting large orders into multiple child orders and allocating fills to client accounts or portfolios. |
Order splitting and allocation workflows are available for buy-side desk and broker workflows. | |
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Pre-Trade Risk Checks Performs risk assessments (e.g., price limits, position limits) before allowing order submission. |
Pre-trade risk checks (e.g., fat finger, limits) are configurable and highlighted as part of compliance offering. | |
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Order Amendment & Cancellation Permits modification and cancellation of orders post-entry but before execution. |
Users can amend and cancel open orders from the blotter prior to execution. | |
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Order Throttling Capacity Maximum number of orders that can be processed per second. |
No information available | |
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Order Status Tracking Live monitoring and updating of order status (e.g., open, filled, partial, cancelled). |
Order/trade status tracking and real-time update are described in documentation as core functionality. |
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Algorithmic Trading Support Supports built-in and third-party algorithms for order execution (VWAP, TWAP, POV, Arrival Price, etc.). |
REDI contains a suite of built-in algos and supports broker-provided algos. | |
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Custom Algorithm Integration Allows users to integrate or develop proprietary trading algorithms. |
Custom integration for user or broker-provided algos is supported via API/FIX interfaces. | |
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Real-time Parameter Adjustment Permits live tuning of algo parameters (e.g., urgency, participation rate). |
No information available | |
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Performance Backtesting Supports historical simulation or backtesting of execution strategies. |
Backtesting and simulation are offered via integration with Refinitiv analytics, but not natively in REDI. | |
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Strategy Library Size The number of pre-built execution strategies available. |
No information available | |
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Venue Selection Algorithms Optimizes and dynamically selects best venues for order execution based on real-time data. |
Venue selection and dynamic routing are key differentiators in REDI’s venue access. | |
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Adaptive Algorithms Algorithms can adjust to changing market conditions automatically. |
Documentation refers to adaptive algo strategies responsive to market conditions. | |
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Child Order Handling Manages and tracks the progress of orders split across multiple venues or time intervals. |
Handles parent/child order linkage and status across venues and time. | |
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Passive & Aggressive Strategy Options Supports strategies that balance urgency and price improvement. |
Passive/aggressive selection is available in algo selection interface for execution. | |
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Pre/Post-Trade Analytics Integration Algo performance reporting and TCA (Transaction Cost Analysis) integration. |
Pre- and post-trade analytics are available via integration with Refinitiv TCA and analytics modules. |
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Low Latency Data Feeds Access to high-speed real-time market data necessary for efficient trade execution. |
REDI uses Refinitiv’s real-time market data feeds with low-latency connectivity. | |
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Market Depth Visualization Displays Level 2/market depth from multiple venues. |
Level 2/market depth display is a standard offering and visible in REDI's UI screenshots. | |
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Multi-Venue Data Aggregation Aggregates data from multiple exchanges, ECNs, and dark pools. |
Aggregates data across broker connections and venues for full book visibility. | |
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Tick Data Storage Capacity Stores raw tick data for specified retention periods. |
No information available | |
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Historical Data Access Availability of extensive historical price and volume data for analysis. |
Historical market and trade data access are provided through integration with Refinitiv Data. | |
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Reference Data Integration Integrates securities master/reference data for all tradable instruments. |
Instrument reference data feeds are integrated given Refinitiv's data platform. | |
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Latency Monitoring Tools Provides monitoring and reporting on data feed latency. |
No information available | |
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Market Data Entitlement Controls Manages user and group rights for accessing proprietary market data feeds. |
Entitlement and user rights for market data feeds are managed in REDI admin settings. | |
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Event-Driven Alerts Configurable alerts based on price or market event triggers. |
Can configure event-based alerts in UI for price or volume triggers. | |
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Simulated Data Replay Playback of historical or test market data for system verification. |
Demo and documentation mention a simulation mode for order testing using historical data. |
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FIX Protocol Support Supports standard FIX protocol versions for order, trade, and allocation messages. |
Supports multiple FIX protocol versions per integration/partner list. | |
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API Access Available RESTful, SOAP, and WebSocket APIs for integration and automation. |
APIs and programmatic order entry available as documented in integration technical sheets. | |
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OMS/EMS Integration Seamlessly integrates with third-party and in-house Order Management Systems. |
Third-party OMS/EMS integration is available, and partnerships listed on Refinitiv’s site. | |
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Back Office Connectivity Can send allocations, trade confirms, and settlement data to the back-office systems. |
Back office, allocation, and settlement feeds are supported per product datasheet. | |
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Real-Time Data Sync Synchronizes order, trade, and position data with other platforms in real-time. |
Real-time data synchronization promoted for system and broker alignment. | |
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Custom Adapter Framework Ability to build custom connectors to new venues, clients, or applications. |
Custom adapters/connectors for venues, data sources available via REDI APIs. | |
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Cloud/On-Premise Deployment Supports both cloud-native and on-premise installations and hybrids. |
Both cloud and on-premise deployments are available; hybrid deployments mentioned. | |
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Latency of Order Routing Order transmission time to market venues. |
No information available | |
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Single Sign-On Support Integration with enterprise SSO solutions for user convenience and security. |
Single sign-on integration and support are described for enterprise clients. | |
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Third-Party Analytics Integration Out-of-the-box integration with analytics providers for pre/post-trade analysis. |
Third-party analytics and TCA connections are available via certified integrations. |
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Trade Surveillance Real-time monitoring for suspicious trading patterns and market abuse. |
Surveillance and monitoring are supported with real-time compliance rules and alerts. | |
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Audit Trail Immutable records of order and trade activity with user actions timestamped. |
Audit trail for all order and user activity described in compliance documentation. | |
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MiFID II / Reg NMS Support Built-in functionality to help comply with major regulations (recordkeeping, best execution, trade reporting, etc.). |
Functionality to meet MiFID II and equivalent regulatory requirements well-documented. | |
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Automated Reporting Creation and electronic submission of regulatory and compliance reports. |
Automated report generation for regulatory and compliance reporting is standard. | |
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Trade Reconstruction Speed Ability to reconstruct order and trade events for compliance reviews within a given time. |
No information available | |
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Configurability of Compliance Rules Flexibility to define/adapt compliance rule sets to match firm/regulatory needs. |
Compliance rule sets are configurable for different regions and firms. | |
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Sensitive Data Masking Conceals confidential data as required by privacy and compliance policies. |
Data masking for PII/confidential fields available for compliance workflows. | |
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Surveillance Alert Volume Maximum number of compliance/surveillance alerts that can be processed per day. |
No information available | |
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Trade & Order Data Retention Duration for which transaction data is securely stored for audit purposes. |
No information available | |
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Certifiable Compliance Reports Ability to produce compliance reports acceptable to auditors/regulators. |
Exportable, externally certifiable compliance reports are an explicit feature. |
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Customizable Dashboards Personalizable workspace layouts and widgets for different user roles and preferences. |
Dashboards are configurable by user/role with widgets per user guide examples. | |
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Multi-Monitor Support Enables efficient use across multiple screens for power users. |
Demonstrated and marketed as a multi-monitor system for trading desks. | |
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Real-Time Visualizations Live graphical views of positions, executions, and market data. |
Real-time charting and visual dashboards visible in product demo. | |
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Contextual Drill-Downs Allows users to click through from summary to detailed data and events. |
Users can drill-down from blotter to trade/order details in UI. | |
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Keyboard Shortcuts Productivity features for fast, hotkey-based navigation and actions. |
Keyboard shortcuts, hotkeys present for rapid order entry/navigation. | |
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Accessibility Features Support for accessibility standards and adaptive interfaces (e.g. for visually impaired users). |
No information available | |
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Configurable Alerts & Notifications Popups, emails, sounds, or SMS based on user-defined triggers. |
User-defined alerts and notifications by email and on-screen supported. | |
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Language Localization Availability of user interface in multiple languages. |
User interface supports multiple languages. | |
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Mobile/Tablet Interface Responsive web/mobile apps for use on the go. |
Official support for mobile and tablet interfaces (responsive HTML5 UI). | |
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Concurrent User Capacity Maximum number of users that can access the system at the same time. |
No information available |
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Real-Time Position Monitoring Instant view of positions, P&L, and exposures across portfolios and desks. |
Real-time P&L, position, and exposure monitoring are available on dashboard. | |
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Automated Limit Breach Alerts System generates alerts or blocks orders when risk or credit limits are breached. |
Automated alerts and order blocking for risk/credit limit breaches described in documentation. | |
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Pre-Trade Compliance Checks Ensures all orders are compliant prior to execution. |
Pre-trade compliance checks are performed before order routing/execution. | |
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Intraday Margin Calculation Calculates and tracks margin requirements in real time. |
Margin calculations and monitoring available for cleared products. | |
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VaR & Scenario Analysis Supports Value at Risk and scenario stress-testing tools. |
Risk reports support Value-at-Risk and what-if scenario analysis. | |
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Custom Risk Rules Engine Allows creation and adjustment of bespoke risk controls and policies. |
Custom risk rules can be configured in the risk/compliance module. | |
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Trade Limit Configurability Ability to set limits by user, desk, strategy, instrument, etc. |
Limits can be applied by individual, desk, or portfolio level. | |
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Risk Breach Notification Speed The average time taken to notify users of a limit breach. |
No information available | |
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Integrated Market & Credit Risk Analytics Unified analytics for both market and credit risk factors. |
Market and credit risk reporting and analytics unified in main dashboard for multiple asset classes. | |
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Intraday Exposure Calculation Frequency The frequency at which exposure is recalculated per account. |
No information available |
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Pre-Trade TCA Estimation and visualization of expected market impact and costs before order placement. |
Pre-trade TCA integrated with order entry for expected transaction costs. | |
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Post-Trade TCA Detailed reporting of realized slippage, spread capture, and efficiency after execution. |
Post-trade TCA available via analytics dashboard and external Refinitiv solution integration. | |
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Custom Benchmark Support Users can define custom benchmarks (e.g., VWAP, arrival price) for cost analysis. |
Benchmarks such as VWAP, TWAP, and custom user metrics can be defined for trade analysis. | |
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Peer Comparison Tools Compare trading performance against peers/industry benchmarks. |
Peer/broker comparison features highlighted as part of analytics toolkit. | |
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Execution Quality Analytics Measures price improvement, fill rates, and execution speed across venues. |
Execution analytics for improvement, success rates, latency provided per asset and venue. | |
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Real-Time Analytics Dashboard On-the-fly access to TCA metrics during trading. |
Real-time analytics dashboard accessible and shown in product screenshots/demos. | |
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Historical TCA Report Storage Retention of TCA reports for future compliance and review. |
No information available | |
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Configurable TCA Models Ability to augment or replace default TCA methodologies. |
TCA and analytics models can be customized to match client methodologies. | |
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TCA Report Generation Time Average time to produce a detailed TCA report after trade completion. |
No information available | |
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Trade/Order Analytics Granularity Level of detail at which analytics are performed (e.g., per fill, per child order, per parent order). |
Granular analytics available at per-fill, child, and parent order level in reports. |
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Role-Based Access Control (RBAC) Granular permission assignment to users, groups, or roles. |
Role-based access control setup via admin console for users/groups/roles. | |
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Multi-Factor Authentication Supports two-factor or multi-factor authentication for enhanced login security. |
Supports multi-factor authentication, including integration with client IdPs. | |
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End-to-End Data Encryption Data encrypted both at rest and in transit. |
Data is encrypted at-rest and in-transit, as per security documentation. | |
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Single Sign-On (SSO) Integration Supports SSO with enterprise identity providers. |
Integration with SSO solutions (Okta, Azure AD) is available. | |
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Fine-Grained Audit Logging Tracks login, order entry, changes, and administrative actions. |
Comprehensive audit logging is supported according to compliance materials. | |
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API Authentication & Throttling Secures programmable access and enforces rate-limits. |
No information available | |
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Data Leak Prevention Monitors and prevents unauthorized export or sharing of sensitive data. |
Data export and monitoring for possible data leaks confirmed via administrative controls. | |
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Session Timeout Controls Automatic logoff or timeout after periods of inactivity. |
Custom configurable session timeout settings for user inactivity provided. | |
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Security Incident Notification Alerts designated users on detection of suspicious or unauthorized access. |
Security and compliance alerts are part of dashboard monitoring features. | |
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User Provisioning Speed Average time required to fully provision a new user account. |
No information available |
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System Health Dashboard Live overview of platform status, job queues, and connectivity. |
System health and status dashboard are mentioned in operations/admin documentation. | |
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Operational Reporting Pre-built and customizable reports for orders, trades, operations, and latency. |
Operational, latency, and activity reports are customizable and available to users. | |
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Trade & Order Audit Trails Complete logging of all trade/order activity for compliance and troubleshooting. |
Trade/order audit trails are created for all events and accessible for troubleshooting. | |
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Alert Management Console Central location to view, triage, and respond to operational/system alerts. |
Alert management interface is shown in documentation for triage and escalation. | |
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System Up-Time Guarantee SLA-backed system availability commitments. |
No information available | |
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Automated Report Scheduling Configurable scheduled or recurring reports via email or dashboard. |
Automated/recurring reporting is configurable via UI, as described in support resources. | |
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Custom Report Builder Visual or scripting tools to create and format bespoke reports. |
Custom report builder (visual and scripting) is available for advanced users. | |
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Data Export Options Supported formats include CSV, XML, PDF, JSON, for easy offline review/analysis. |
Exports in CSV, PDF, XML, and JSON are available from core UI and reports. | |
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Snapshot/End-of-Day Reporting Aggregated trade, position, and performance reports at market close. |
Snapshot and end-of-day position/performance reports are auto-generated at close. | |
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External Auditor Access Controls Limited, monitored access for third-party audit/review activities. |
Role-based access for external auditors is supported on request for compliance reviews. |
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24/7 Technical Support Round-the-clock support for mission-critical trading operations. |
24/7 global support is highlighted on product page for mission-critical trading. | |
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Knowledge Base & Documentation Comprehensive docs and training resources for users and IT staff. |
Extensive online documentation and knowledge base are available via Refinitiv’s support site. | |
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Onboarding Time Average time to onboard a new client or trading desk. |
No information available | |
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User Training Programs Availability of live or online training and certification for users. |
Live and recorded online user training available, as well as on-site certification. | |
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Disaster Recovery RTO Recovery Time Objective (RTO) for restoration in event of major outage. |
No information available | |
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Automated Failover System automatically switches to backup infrastructure on failure. |
Failover between data centers and cloud redundancy described in operation guides. | |
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Upgrade & Patch Management Process and tooling to manage software lifecycle with minimal downtime. |
Automated software upgrades, patching, and downtime notification managed via Refinitiv operations. | |
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Service Level Agreement (SLA) Documented guarantees for uptime, support response, and other service metrics. |
SLA documentation is provided for uptime, latency, and support response times. | |
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Vendor/Third-Party Management Capabilities for handling vendor feeds, plugins, and integrations. |
Vendor and plugin management supported through approved marketplace and API ecosystem. | |
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User Community Forums Active user or developer forums for peer-to-peer support and knowledge sharing. |
Community forums for REDI EMS exist on Refinitiv's customer support portal. |
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